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I can't imagine bitcoins in their current implementation gaining traction as a form of payment with 'regular folks'. I mean the whole idea is complicated enough
by markkanof 16y ago
I can't imagine bitcoins in their current implementation gaining traction as a form of payment with 'regular folks'. I mean the whole idea is complicated enough that even I as a technically minded person have trouble fully understanding how it works.
Plus it's not clear to me that there are enough bitcoins to go around. Some comments below point out the fact that bitcoins can be divided down to multiple decimal places. That's great and all but I can't imagine a 'regular person' being comfortable with the idea that they currently posses .00152 bitcoins. I doubt most people think of a penny as .01 dollars, because fractions are confusing. Plus even if that .00152 bitcoins is enough to buy a car, it still just seems like a minuscule amount.
I don't mean to be a huge downer. I think bitcoins are an interesting idea, but if you want to sell things now a more traditional payment method would probably make sense.