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(1) is only a selling point to people well outside the mainstream. Most people would consider this a huge negative. (2) meanwhile I can buy things with one cl
by Steko 14y ago
(1) is only a selling point to people well outside the mainstream. Most people would consider this a huge negative.
(2) meanwhile I can buy things with one click using dollars.
(3) tax evasion, drug dealing and money laundering are not things that society generally wants to facilitate
- javert 14y agoWell, I just listed some of the features that many people who like Bitcoin like about it. That other people may not care about those features is kind of irrelevant.
- terangdom 14y agoUntil they shut it down.
- fredBuddemeyer 14y agomillions of honest people around the world that have lost their savings when a fiat currency changed its valuation for political reasons. you do not need to be a zealot to appreciate any attempt to create a free currency; you simply need to have a small sense of history and the world around you.
- gnaritas 14y agoMoney isn't for saving long term, it's for spending; if you want to save, buy assets. Inflation is only a problem for those who wrongly mistake money for an asset. The purpose of money is to facilitate trade, not store value.
- SkyMarshal 14y ago(1) is only a selling point to people well outside the mainstream. Yes, the handful of people who understand how our banking and currency system works but aren't in a position to suckle at its teat. (2) meanwhile I can buy things with one click using dollars. But try transferring dollars electronically, or even just from one of your own accounts to another in a different bank. (3) tax evasion, drug dealing and money laundering are not things that society generally wants to facilitate Neither does society generally want to facilitate government's abuse and debasement of its currency in attempt to cover up its willful blindness to widespread financial fraud and malfeasance. Pick your poison.
- jsprinkles 14y ago> But try transferring dollars electronically, or even just from one of your own accounts to another in a different bank. In my Wells Fargo account, I can transfer to another bank's account in three clicks and about two minutes. All I had to do was set it up and prove that I own the other end. Deposits usually clear that day.
- Jackten 14y agowith bitcoin, transfers clear within ten minutes. The fees are dramatically cheaper (domestic wire transfers are at least $10, international are more like $30) and there's no need to 'prove' anything. With bitcoin, you can also do all this at anytime, not just within the 9-5 Mon-Friday, no holiday bank schedules.
- jsprinkles 14y agoThat wasn't the point that I was responding to (which is that it's difficult to move money around in traditional banks), but since you brought it up: > The fees are dramatically cheaper (domestic wire transfers are at least $10, international are more like $30) I pay no fee for the service I described. Not a penny. > and there's no need to 'prove' anything. This took a few hours, and was quite low-effort. Not a problem I'm looking to solve in my life, since I only did it once. > With bitcoin, you can also do all this at anytime, not just within the 9-5 Mon-Friday, no holiday bank schedules. As can I.
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