4 ms·

It's like cash, i frankly don't care about value either but a form of payment that is not tied to me specifically where I can exchange the money for goods and s

It's like cash, i frankly don't care about value either but a form of payment that is not tied to me specifically where I can exchange the money for goods and services is crucial to me. Not much different from a cash giftcard i can use to pay for things online

airstrike 7y ago
Except it's not like cash because it isn't subject to relatively stable long-term economic policy but instead to market speculation. How would you like the dollar bills you have in your pocket to hold a completely random value tomorrow?
- npo9 7y ago
  Sounds like as good of a deal as right now where do the dollar bills I hold are guaranteed to be worth less tomorrow, with occasional periods of it being worth significantly less.
  - wpietri 7y ago
    The US inflation rate has never been more than 4% annually in over 30 years. Bitcoin often moves more than 20% in the span of a few days. If you don't like volatility, you don't want Bitcoin.
ISL 7y ago
Cryptocurrencies store everyone's transaction records in a public ledger. It is, in general, less anonymous than cash.
- badrabbit 7y ago
  You're not wrong but I and some others use brand new wallets for meaningful transactions.
  - shadowgovt 7y ago
    Using one-off wallets increases the complexity of a financial forensics problem, but doesn't make it unsolvable. For one thing, you can't force everyone you do business with in the network to follow the same practice.
    - badrabbit 7y ago
      As a businessperson,yes. As a consumer it works quite well. When you offer services you become tracable. But alas XMR is not so traceable,one can always launder btc through XMR (and maybe profit?) Or zcash.
      - roywiggins 7y ago
        any transaction that includes the word "launder" is not, I would suggest, something a consumer should touch with a ten foot pole
- lawn 7y ago
  Monero doesn't have a public ledger though and is more anonymous than any other digital payment system.

airstrike 7y ago

Except it's not like cash because it isn't subject to relatively stable long-term economic policy but instead to market speculation. How would you like the dollar bills you have in your pocket to hold a completely random value tomorrow?

npo9 7y ago
Sounds like as good of a deal as right now where do the dollar bills I hold are guaranteed to be worth less tomorrow, with occasional periods of it being worth significantly less.
- wpietri 7y ago
  The US inflation rate has never been more than 4% annually in over 30 years. Bitcoin often moves more than 20% in the span of a few days. If you don't like volatility, you don't want Bitcoin.

ISL 7y ago

Cryptocurrencies store everyone's transaction records in a public ledger. It is, in general, less anonymous than cash.

badrabbit 7y ago
You're not wrong but I and some others use brand new wallets for meaningful transactions.
- shadowgovt 7y ago
  Using one-off wallets increases the complexity of a financial forensics problem, but doesn't make it unsolvable. For one thing, you can't force everyone you do business with in the network to follow the same practice.
  - badrabbit 7y ago
    As a businessperson,yes. As a consumer it works quite well. When you offer services you become tracable. But alas XMR is not so traceable,one can always launder btc through XMR (and maybe profit?) Or zcash.
    - roywiggins 7y ago
      any transaction that includes the word "launder" is not, I would suggest, something a consumer should touch with a ten foot pole
lawn 7y ago
Monero doesn't have a public ledger though and is more anonymous than any other digital payment system.