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So who and when is going to get out? And out where? To fiat currency that is controlled, inspected, can be frozen, taxed and stolen? Bitcoin grows like crazy be

So who and when is going to get out? And out where? To fiat currency that is controlled, inspected, can be frozen, taxed and stolen? Bitcoin grows like crazy because it is a money proved to work. It survived exchange hacks, stolen wallets, viruses, user mistakes, network-affecting software bugs and government seizures of bank deposits. It allows you to hold something in your pocket that nobody knows about and you can split it in 100 pieces and send to 100 people in different countries in a matter of seconds. Bitcoin is not a promise of future delivery. Like William Gibson said, "The future is already here — it's just not very evenly distributed."

TylerE 14y ago
It'll be proven to work when you can pay taxes and buy groceries with it.
- joonix 14y ago
  Kind of a ridiculous comment. I would buy groceries for someone and deliver them if they gave me 1 Bitcoin. I would also hand them my homegrown vegetables for a Bitcoin.
  - chii 14y ago
    sure, you (and comparatively a minor number of others) would. But as a society, bitcoins is still not an accepted form of exchange in general.
- AdmiralBeotch 14y ago
  Pay taxes and other government debts here: http://www2.egovlink.com/press-release-bitcoin.cfm http://www2.egovlink.com/press-release-bitcoin.cfm You can already buy food at a couple places in Vegas where I live.
niggler 14y ago
"Bitcoin grows like crazy because it is a money proved to work." Bitcoin grows like crazy thanks to various entities of increasing credibility building an ecosystem around BTC. Like Coinbase, which I'm sure is why a lot of people here got into bitcoin. Listen for about 30 seconds of https://www.youtube.com/watch?v=0UKC7iaBKvs#t=830s https://www.youtube.com/watch?v=0UKC7iaBKvs#t=830s
- codehalo 14y ago
  Coinbase is a fucking disaster.
rmc 14y ago
you can split it in 100 pieces and send to 100 people in different countries in a matter of seconds. No, a transaction can take from 10 minutes to an hour to complete. You may have to pay a percentage to do that aswell.
- oleganza 14y ago
  If they trust you, it's a matter of seconds. And anyway, try to do that in 20 minutes with gold.
  - paulgb 14y ago
    If they trust you, they can do it with gold too. "I owe you an ounce of gold."
    - oleganza 14y ago
      They need to trust you for 10-20 minutes before confirmation, not forever like with borrowed piece of gold.

TylerE 14y ago

It'll be proven to work when you can pay taxes and buy groceries with it.

joonix 14y ago
Kind of a ridiculous comment. I would buy groceries for someone and deliver them if they gave me 1 Bitcoin. I would also hand them my homegrown vegetables for a Bitcoin.
- chii 14y ago
  sure, you (and comparatively a minor number of others) would. But as a society, bitcoins is still not an accepted form of exchange in general.
AdmiralBeotch 14y ago
Pay taxes and other government debts here: http://www2.egovlink.com/press-release-bitcoin.cfm http://www2.egovlink.com/press-release-bitcoin.cfm You can already buy food at a couple places in Vegas where I live.

niggler 14y ago

"Bitcoin grows like crazy because it is a money proved to work." Bitcoin grows like crazy thanks to various entities of increasing credibility building an ecosystem around BTC. Like Coinbase, which I'm sure is why a lot of people here got into bitcoin. Listen for about 30 seconds of https://www.youtube.com/watch?v=0UKC7iaBKvs#t=830s https://www.youtube.com/watch?v=0UKC7iaBKvs#t=830s

codehalo 14y ago
Coinbase is a fucking disaster.

rmc 14y ago

you can split it in 100 pieces and send to 100 people in different countries in a matter of seconds. No, a transaction can take from 10 minutes to an hour to complete. You may have to pay a percentage to do that aswell.

oleganza 14y ago
If they trust you, it's a matter of seconds. And anyway, try to do that in 20 minutes with gold.
- paulgb 14y ago
  If they trust you, they can do it with gold too. "I owe you an ounce of gold."
  - oleganza 14y ago
    They need to trust you for 10-20 minutes before confirmation, not forever like with borrowed piece of gold.