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> I never understood how "But Can I buy Starbucks with Bitcoin" became a meme That's disingenuous. It became a "meme" because for many years, bitcoin evangelis
by disown 6y ago
> I never understood how "But Can I buy Starbucks with Bitcoin" became a meme
That's disingenuous. It became a "meme" because for many years, bitcoin evangelists touted bitcoin as a currency replacement. You can buy pizza with bitcoins! Remember? It has and still is being sold as a virtual currency - after all you can't have cryptocurrency without currency.
> I don't expect to be able to buy Starbucks with Apple stock.
But you can actually buy goods with bitcoins...
You fall into the same trap as all evangelists, self-contradiction. I like bitcoins, I like cryptocurrencies, think the future is bright for blockchain tech. I just don't like bullshit.
- pwm 6y agoInterestingly Satoshi wrote about the similarities between bitcoin and gold/precious metals multiple times, eg. [1], [2]. I guess it's not black and white and maybe bitcoin organically transitions from digital cash to digital gold. We'll see how it all plays out over time. [1] https://bitcointalk.org/index.php?topic=583.msg11405#msg11405 https://bitcointalk.org/index.php?topic=583.msg11405#msg1140... [2] http://p2pfoundation.ning.com/forum/topics/bitcoin-open-source?commentId=2003008%3AComment%3A9562 http://p2pfoundation.ning.com/forum/topics/bitcoin-open-sour...