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I have a better analogy. Bitoin has the same issues as Flooz. It’s a more complicated and convoluted solution to a nonexistent problem. The only people who hav

by CPLX 8y ago

I have a better analogy. Bitoin has the same issues as Flooz. It’s a more complicated and convoluted solution to a nonexistent problem. The only people who have problems with spending money the normal way that are serious enough to accept the horrible user experience and unreliability of bitcoin are those conducting illegal transactions or evading currency controls. The market has no reason to rise beyond that narrow use case despite mass speculation to the contrary.

cal5k 8y ago
That's just ill-informed. "If you don't accept the banking oligopoly you're clearly trying to launder money" is the kind of nonsense that tries to shut down legitimate concerns over self-determination. Money is an essential input to freedom. If you can't make an income, pay rent, buy food, pay for transportation, etc. you are not very free. I'd also go so far as to say that the right to transact anonymously should be part and parcel to a free society.
- delecti 8y ago
  You're arguing an is with an ought. People ought to be able to to transact anonymously and without any middle-men. In reality, most people are only willing to put up with the inconveniences of bitcoin because it lets them side-step the law.
  - Smokinator 8y ago
    No-coiner spotted. Bitcoin is much easier to use than your credit card. Download a wallet. Hit receive. Message me. I'll send you some Bitcoin just because I feel sorry for you.
pjkundert 8y ago
Wow, no... I'm just a computer consultant trying to get paid. Bank payments to/from the US is an absolute, unmitigated train-wreck. Even with the spectacular deficiencies of the Bitcoin/Ethereum user experience, it is already a vast improvement over the Bank transfer debacle. The next generation of Cryptocurrencies (that solve most of the complexity/risk of creating, securing, managing and recovering public/private keys) and improve the transaction thruput and cost by 4+ orders of magnitude? These are going to kick the banks to curb.

by CPLX 8y ago

cal5k 8y ago

That's just ill-informed. "If you don't accept the banking oligopoly you're clearly trying to launder money" is the kind of nonsense that tries to shut down legitimate concerns over self-determination. Money is an essential input to freedom. If you can't make an income, pay rent, buy food, pay for transportation, etc. you are not very free. I'd also go so far as to say that the right to transact anonymously should be part and parcel to a free society.

delecti 8y ago
You're arguing an is with an ought. People ought to be able to to transact anonymously and without any middle-men. In reality, most people are only willing to put up with the inconveniences of bitcoin because it lets them side-step the law.
- Smokinator 8y ago
  No-coiner spotted. Bitcoin is much easier to use than your credit card. Download a wallet. Hit receive. Message me. I'll send you some Bitcoin just because I feel sorry for you.

pjkundert 8y ago

Wow, no... I'm just a computer consultant trying to get paid. Bank payments to/from the US is an absolute, unmitigated train-wreck. Even with the spectacular deficiencies of the Bitcoin/Ethereum user experience, it is already a vast improvement over the Bank transfer debacle. The next generation of Cryptocurrencies (that solve most of the complexity/risk of creating, securing, managing and recovering public/private keys) and improve the transaction thruput and cost by 4+ orders of magnitude? These are going to kick the banks to curb.