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I've bought things with BTC (I believe I am rare insofar as I have never bought BTC but have spent them...) and having frequently used cash, I can assure you th
by bigbubba 6y ago
I've bought things with BTC (I believe I am rare insofar as I have never bought BTC but have spent them...) and having frequently used cash, I can assure you that spending BTC is not even remotely as easy as spending cash.
- troquerre 6y agoDigital gold is a better analogy for BTC than digital cash. As a value reserve BTC has a lot of desirable properties over gold (try moving $10m of gold around...). The fact that it's fairly easy to spend BTC is an additional positive point.
- K0balt 6y agoYeah, but ever tried to spend (actual) cash online? Any way you try, you're going to need 2 banks and a payment processor involved. The buyer bank, the seller bank, and Visa, PayPal, or somebody. In the end, something like 3-5 percent of what you spend is going to be redirected. These are real costs you pay.