2 ms·

Bitcoin is not less legal than any fiat money btw.

• jfk13 7y ago
  It's far, far less widely accepted, though. Which makes it rather less useful if your primary use case for money is to buy things.
  • brakmic 7y ago
    Add a "time" variable to the equation and then come back some _time_ later. Then we can compare how many have used it in 2009, 2019, and 2029.
    • Crosseye_Jack 7y ago
      I still need to pay for food and rent/mortgage between now and then though. No point in comparing BTC acceptability in 10 years time if I can’t support myself until that point in time. Edit: For me converting BTC in funds I can use to buy food (not just for myself but also my kitty), pay my bills (rent, electricity, gas, water, internet, mobile, AWS) is a pain in the ass. Sure there are online stores they will accept bitcoin, but not my local supermarket, sure some isp’s will accept butcoin but then I’m limiting my options of who I can use. With PayPal (yes I hate them just as much as everyone else) I can get an invoice paid and have the funds in my bank account seconds later. I like the idea of a decentralised Payment process. But atm it’s not for me for a number of reasons not just acceptability.
      • brakmic 7y ago
        Never said you should give up anything. Only that things take time. In 2009 you couldn't buy anything with cryptocurrencies. Today you not only can buy many things but in many countries (and regimes!) cryptocurrencies are the only way to preserve a little of what's left from previous wealth. Think Venezuela.
• mkl 7y ago
  Depends where you are, it seems: https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country...