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> I can choose whichever Government / Central bank fits me the best. Bitcoin actually provides a new choice: government or no-government. People that want gove

> I can choose whichever Government / Central bank fits me the best. Bitcoin actually provides a new choice: government or no-government. People that want government/cb currency are free to choose it. People that want no-government money can choose Bitcoin.

dragontamer 14y ago
Or... you know... Gold. That other currency that has transcended governments?
- cookiecaper 14y ago
  Gold is not really practical for modern commerce without first converting it into an alternate currency (passthroughs in dollars, for instance) or trusting a third-party. Bitcoin can be traded really easily, no conversion or trusted intermediary (unless you count the btc swarm) necessary.
  - niggler 14y ago
    For those who have forgotten, US dollars used to be certificates backed by silver: https://upload.wikimedia.org/wikipedia/commons/7/70/US-%245-SC-1953-Fr.1655.jpg https://upload.wikimedia.org/wikipedia/commons/7/70/US-%245-...
  - dragontamer 14y ago
    Unless you want instantaneous transfers. Which requires you to use either a Bitcoin Bank (ie: Flexcoins), or an intermediate trusted 3rd party (Green address). Which is the entire point of this thread of discussion. People are not liking the restrictions on Bitcoin (ie: wait X number of hashes before the transaction is complete), and are recreating "alternative currencies" for Bitcoin. Which to me... seems against the point of the medium.