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The biggest problem is that getting bitcoins is a major, major pain in the ass. You need to setup bank transfers, [...]. You are looking at about a week to buy
by mrb 14y ago
The biggest problem is that getting bitcoins is a major, major pain in the ass. You need to setup bank transfers, [...]. You are looking at about a week to buy your first bitcoin from when you decide to do that. (3 days to confirm bank, 3 days to do a deposit)
This is no different than, say, linking your bank account to TD Ameritrade to do stock trading. And nobody uses this excuse to claim that it is a "major pain in the ass" to start trading stocks as an individual investor.
- DanBlake 14y agoThe fraud risk is the difference. You can reverse a trade or seize the stocks from fraud however you can not reverse a bitcoin purchase.
- mrb 14y agoHuh? Your answer is a non sequitur. I was not talking about reversing trades. You seemed to use an argument to explain that it is a major pain slowing down the adoption of Bitcoin. I am just pointing out it is not the case for stock trading platforms, so it should not be the case for Bitcoin exchanges.
- Avshalom 14y agoNobody's end goal is being able to buy some gum with APPL either.
- Kiro 14y agoYou omitted "confirm your DNA and get a rectal exam".
- mrb 14y agoI omit bullshit^H^H^H^H^H^H defamatory comments.