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Can be used just like cash? Apart from the needing to wait for up to an hour to get confirmation of payment. And having fees on every single purchase. Bitcoin
by taywrobel 7y ago
Can be used just like cash? Apart from the needing to wait for up to an hour to get confirmation of payment. And having fees on every single purchase. Bitcoin is not currency.
You even said it in your critique of ETH- “it's not a reliable store of value”
Currency is NOT intended to store value. It’s intended to facilitate the transfer of value. In that regard, etherium and bitcoin fail equally.
- tossAfterUsing 7y agolook, you clearly haven't a clue what you're talking about. you may very well disagree with me, and that's your prerogative. cash has been variously shells, giant stones, glass beads, shiny metal, complicated paper, etc... fundamental to the hand-to-hand nature of this Kong nonsense, is the feasibility to be transferred offline. whatever Kong is, it's primary function will be a way to rip people off. and taywrobel: as a side note, i realize my statement may appear unbelievably ironic to you. just know that's your problem and not mine.
- taywrobel 7y agoOut of curiosity, how much of your background is in economics?