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Buying pizza with a bitcoin? Is that the only use case you can come up with? Electronic money, instead of paper or coins, is there to stay. However, bitcoin is

Buying pizza with a bitcoin? Is that the only use case you can come up with? Electronic money, instead of paper or coins, is there to stay. However, bitcoin is a very poor implementation of this. The mining alone has contributed significantly to the earth's yearly electricity consumption.

chrischattin 3y ago
I bought a car with Bitcoin while the banks were closed on the weekend. There are tons of legitimate use cases. However, most of them aren’t immediately apparent to affluent people in the United States as it solves problems most of them don’t have.
- andsoitis 3y ago
  > I bought a car with Bitcoin while the banks were closed on the weekend. > There are tons of legitimate use cases. However, most of them aren’t immediately apparent to affluent people in the United States as it solves problems most of them don’t have. Are you implying that you cannot buy a car on a weekend in the US? If you Google, you’ll see that not only can you buy a car on the weekend, but there are articles from insurance companies on adding car insurance, articles about whether it is better to buy on a week day or weekend, and even articles on buying on a 3-day holiday weekend!
  - chrischattin 3y ago
    Good luck effecting a wire transfer outside of banking hours.
    - andsoitis 3y ago
      > Good luck effecting a wire transfer outside of banking hours. the beautiful thing about accounting and trade is that cash flow doesn't have to coincide with the transaction.
    - oxfordmale 3y ago
      This might be more indicative of poor US banking systems than anything else. I can initiate a wire transfer on my phone pretty much anytime of day.
fwungy 3y ago
I'm able to make legal purchases that payment processors will deny pr otherwise aggravate with btc. The fact that a third party isn't involved with with transactions is important and serves as a reminder to payment processors to not politicize transactions lest they lose more of them to btc and other cryptos.

chrischattin 3y ago

I bought a car with Bitcoin while the banks were closed on the weekend. There are tons of legitimate use cases. However, most of them aren’t immediately apparent to affluent people in the United States as it solves problems most of them don’t have.

andsoitis 3y ago
> I bought a car with Bitcoin while the banks were closed on the weekend. > There are tons of legitimate use cases. However, most of them aren’t immediately apparent to affluent people in the United States as it solves problems most of them don’t have. Are you implying that you cannot buy a car on a weekend in the US? If you Google, you’ll see that not only can you buy a car on the weekend, but there are articles from insurance companies on adding car insurance, articles about whether it is better to buy on a week day or weekend, and even articles on buying on a 3-day holiday weekend!
- chrischattin 3y ago
  Good luck effecting a wire transfer outside of banking hours.
  - andsoitis 3y ago
    > Good luck effecting a wire transfer outside of banking hours. the beautiful thing about accounting and trade is that cash flow doesn't have to coincide with the transaction.
  - oxfordmale 3y ago
    This might be more indicative of poor US banking systems than anything else. I can initiate a wire transfer on my phone pretty much anytime of day.

fwungy 3y ago

I'm able to make legal purchases that payment processors will deny pr otherwise aggravate with btc. The fact that a third party isn't involved with with transactions is important and serves as a reminder to payment processors to not politicize transactions lest they lose more of them to btc and other cryptos.