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1). Ah, if that's the goal then...great I guess. I personally don't think moving back to a commodity currency is a good idea, but that is perhaps another discus
by ender7 16y ago
1). Ah, if that's the goal then...great I guess. I personally don't think moving back to a commodity currency is a good idea, but that is perhaps another discussion.
2). I've heard a number of Bitcoin enthusiasts state this as an advantage/goal (even in this discussion), who perhaps have started developing their own ideas about what bc should be used for.
3). But an alternative to what purpose? Say that I believe strongly enough in the ideals of BC that I want to use it (privacy, accountability, etc). Do I convert part of my monthly paycheck into BCs? Do I convert all of it? This isn't terribly practical if my national currency is still popular. Perhaps I want to even-up with friends or acquaintances? Is transferring BCs easier than writing a check?
Now imagine that I don't believe strongly in the idealistic angles of BC (which, sadly, will be the vast majority of your potential users). I want immediate pay-offs for my efforts (this may sound petty, but isn't. Most peoples' time is extremely valuable to them - if you have a product, even a free one, you must compete for their time). What benefit to I gain from converting my money to BCs?
- getsat 16y ago1) You won't have to worry about the quantitative easing when you're not using a fiat currency. http://www.youtube.com/watch?v=PTUY16CkS-k http://www.youtube.com/watch?v=PTUY16CkS-k 2) Read "A Lodging of Wayfaring Men". Fiction, but an example of the kind of change a system like BTC could usher in. http://agorism.info/_media/a-lodging-of-wayfaring-men.pdf http://agorism.info/_media/a-lodging-of-wayfaring-men.pdf 3) You'd only convert as much as you need. > Is transferring BCs easier than writing a check? Yes. Enter address, enter amount, click send, wait a few minutes for the network to confirm the transaction.