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Cryptocurrency is feasible and is being used in "real world settings" right now. So many things are ruined by people preferring safety over freedom so I don't t

Cryptocurrency is feasible and is being used in "real world settings" right now. So many things are ruined by people preferring safety over freedom so I don't thinn this sort of thing bothers a freedom loving person.

ceejayoz 8y ago
I suspect it somewhat bothers the freedom loving person (or people) who's out 200 BTC.
- rejschaap 8y ago
  It is unlikely anyone lost 200 BTC, we can't say for sure because Bitcoin wallets are pseudonymous. But what happened is that someone received a lot of BTC from a lot of different wallets. I would hope that someone who owns 200 BTC would put a little thought into how to secure it and would not be affected by this hack.
  - root_axis 8y ago
    And this is why BTC will never be mainstream. All it takes is a single misstep to lose all of your money forever. Why would average citizens take that deal over the security guarantees provided by the incumbent financial institutions?
    - acct1771 8y ago
      If cryptocurrencies were the main currency, do you think anyone would feel bad if someone kept their entire net worth in a single wallet? This would be the social prudence equivalent of walking around 24/7 with all of your life savings in cash.
      - spookthesunset 8y ago
        The problem with your hypothetical is it will never happen because the system in place works much better than Bitcoin. Our current system doesn't have the flaw that you have to distribute your wealth in hundreds of wallets or you get perma-fucked and booted into the street.
      - root_axis 8y ago
        What's your point? The nature of cryptocurrencies make them easily lost or stolen compared to money in the bank. Banks are regulated and insured so customers never risk losing their money due to ineptitude. They get nothing in exchange for the hassle and risk of cryptocurrency.
        leppr 8y ago
        Raw Bitcoin is the equivalent of cash, not bank money. Bitcoin can be (and often is) regulated and insured. It's possible to implement chargebacks on a smart-contract platform, or even at layer 0 as EOS and XRP do. What's so bad about the possibility of marrying the benefits of cash with the convenience of electronic money ?
        root_axis 8y ago
        Cash in the bank already is "electronic money". Cryptocurrency doesn't add any benefits, only complexity, waste and unnecessary risk.
        leppr 8y ago
        > Cash in the bank already is "electronic money". Cryptocurrency doesn't add any benefits [...] Why bother replying to comments in threads about cryptocurrency if they don't have any benefit ? Clearly now that cryptocurrency long speculators have pretty much all died, cryptocurrency should just disappear by itself if it doesn't have any use over fiat. Or do you not believe in your own opinion ?
        root_axis 8y ago
        > Why bother replying to comments in threads about cryptocurrency if they don't have any benefit Am I not allowed to post if I think cryptocurrencies are useless? > Clearly now that cryptocurrency long speculators have pretty much all died, cryptocurrency should just disappear by itself if it doesn't have any use over fiat. Or do you not believe in your own opinion Why don't you just articulate some of the benefits instead of invoking bloviated sarcasm? The argument that "bitcoin exists so it must be useful" is pretty obviously fallacious logic.
      - madeofpalk 8y ago
        Given how hard technology is at the moment, and how many issues people have with it, I highly doubt we're going to get to widespread literacy around bitcoin best practices.
  - pavel_lishin 8y ago
    "Fake news," cries the person with some skin in the game he desperately wants others to also play.
tomnipotent 8y ago
Where is it actually being used in "real world settings"? Other than opening a Coinbase account and doing some speculative trading, I don't see any of these "real world settings".
- lawn 8y ago
  For example: 1. Paying for a VPN, VPS, mail, domains or other digital goods. 2. Paying for physical goods. I usually buy via the Swedish sites webhallen and inet for example. 3. Dark net markets. 4. EatBCH charity which give food to Venezuelans. 5. Cam sites accepting Bitcoin. First search result: https://www.bestwebcamsites.com/bitcoin-cam-sites https://www.bestwebcamsites.com/bitcoin-cam-sites
  - root_axis 8y ago
    Do you have any examples of companies that offer VPS or domain services that accept bitcoin and also don't require some other type of personally identifying information?
    - spookthesunset 8y ago
      > Do you have any examples of companies ... that accept bitcoin? ... And also don't immediately convert it to dirty legacy fiat using a third party service?
      - root_axis 8y ago
        Well yes, but if they accept bitcoin as payment without requiring a credit card on file then its at least possible in theory to setup hosting and a domain without anyone's real name attached. I doubt many businesses offer such a service.
        colejohnson66 8y ago
        PRQ in Sweden does https://prq.se/ https://prq.se/

ceejayoz 8y ago

I suspect it somewhat bothers the freedom loving person (or people) who's out 200 BTC.

rejschaap 8y ago
It is unlikely anyone lost 200 BTC, we can't say for sure because Bitcoin wallets are pseudonymous. But what happened is that someone received a lot of BTC from a lot of different wallets. I would hope that someone who owns 200 BTC would put a little thought into how to secure it and would not be affected by this hack.
- root_axis 8y ago
  And this is why BTC will never be mainstream. All it takes is a single misstep to lose all of your money forever. Why would average citizens take that deal over the security guarantees provided by the incumbent financial institutions?
  - acct1771 8y ago
    If cryptocurrencies were the main currency, do you think anyone would feel bad if someone kept their entire net worth in a single wallet? This would be the social prudence equivalent of walking around 24/7 with all of your life savings in cash.
    - spookthesunset 8y ago
      The problem with your hypothetical is it will never happen because the system in place works much better than Bitcoin. Our current system doesn't have the flaw that you have to distribute your wealth in hundreds of wallets or you get perma-fucked and booted into the street.
    - root_axis 8y ago
      What's your point? The nature of cryptocurrencies make them easily lost or stolen compared to money in the bank. Banks are regulated and insured so customers never risk losing their money due to ineptitude. They get nothing in exchange for the hassle and risk of cryptocurrency.
      - leppr 8y ago
        Raw Bitcoin is the equivalent of cash, not bank money. Bitcoin can be (and often is) regulated and insured. It's possible to implement chargebacks on a smart-contract platform, or even at layer 0 as EOS and XRP do. What's so bad about the possibility of marrying the benefits of cash with the convenience of electronic money ?
        root_axis 8y ago
        Cash in the bank already is "electronic money". Cryptocurrency doesn't add any benefits, only complexity, waste and unnecessary risk.
        leppr 8y ago
        > Cash in the bank already is "electronic money". Cryptocurrency doesn't add any benefits [...] Why bother replying to comments in threads about cryptocurrency if they don't have any benefit ? Clearly now that cryptocurrency long speculators have pretty much all died, cryptocurrency should just disappear by itself if it doesn't have any use over fiat. Or do you not believe in your own opinion ?
        root_axis 8y ago
        > Why bother replying to comments in threads about cryptocurrency if they don't have any benefit Am I not allowed to post if I think cryptocurrencies are useless? > Clearly now that cryptocurrency long speculators have pretty much all died, cryptocurrency should just disappear by itself if it doesn't have any use over fiat. Or do you not believe in your own opinion Why don't you just articulate some of the benefits instead of invoking bloviated sarcasm? The argument that "bitcoin exists so it must be useful" is pretty obviously fallacious logic.
    - madeofpalk 8y ago
      Given how hard technology is at the moment, and how many issues people have with it, I highly doubt we're going to get to widespread literacy around bitcoin best practices.
- pavel_lishin 8y ago
  "Fake news," cries the person with some skin in the game he desperately wants others to also play.

tomnipotent 8y ago

Where is it actually being used in "real world settings"? Other than opening a Coinbase account and doing some speculative trading, I don't see any of these "real world settings".

lawn 8y ago
For example: 1. Paying for a VPN, VPS, mail, domains or other digital goods. 2. Paying for physical goods. I usually buy via the Swedish sites webhallen and inet for example. 3. Dark net markets. 4. EatBCH charity which give food to Venezuelans. 5. Cam sites accepting Bitcoin. First search result: https://www.bestwebcamsites.com/bitcoin-cam-sites https://www.bestwebcamsites.com/bitcoin-cam-sites
- root_axis 8y ago
  Do you have any examples of companies that offer VPS or domain services that accept bitcoin and also don't require some other type of personally identifying information?
  - spookthesunset 8y ago
    > Do you have any examples of companies ... that accept bitcoin? ... And also don't immediately convert it to dirty legacy fiat using a third party service?
    - root_axis 8y ago
      Well yes, but if they accept bitcoin as payment without requiring a credit card on file then its at least possible in theory to setup hosting and a domain without anyone's real name attached. I doubt many businesses offer such a service.
      - colejohnson66 8y ago
        PRQ in Sweden does https://prq.se/ https://prq.se/