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Walking up to people and paying people for goods and services is a good measure of how useful something is as a currency. Right now, it's hard to avoid the con

by Steko 14y ago

Walking up to people and paying people for goods and services is a good measure of how useful something is as a currency. Right now, it's hard to avoid the conclusion that bitcoin is fairly useless to most people as a currency, a hard truth for some. What is it not useless for? Well mainly as an investment/get rich quick scheme as well as money laundering, drug deals and soothing the paranoia of hard money cranks.

lucb1e 14y ago
If it was so easy to get rich with bitcoin, everyone would have it already. Besides that, what are Dollars useful for besides drug deals and tax evasion? I can't pay a taxi in Dollars here (a very good measurement for how useful a currency is) but I can use dollars to buy stuff from some Chinese seller that doesn't make me pay tax over the bought goods. It's a hard truth for some. This reply is total bullshit, I know. I'm trying to connect with him on his level.
- Steko 14y ago
  "I can't pay a taxi in Dollars here" Who is trying to push the dollar as a viable currency for Chinese people to buy things with in China? OTOH Bitcoin hypers are trying to push it as a global currency. Well, spoilers: it sucks for that.
  - lucb1e 14y ago
    > OTOH Bitcoin hypers are trying to push it as a global currency. Well, spoilers: it sucks for that. We're pushing for it, but we're not saying it's there yet. The person I replied to said "Walking up to people and paying people for goods and services is a good measure of how useful something is as a currency." while clearly that's not the case yet, and we never said it was. In the future, hopefully, it will be though. Why do you think it sucks as a global currency?
    - Steko 14y ago
      I'll be honest Bitcoin is a lot more accepted than I ever expected it would be and looks to have a lot of growth in terms of the things you will be able to purchase with it. That said the bar to be a successful working currency is really high and the investment angle works against it's use as a currency. Bitcoin detractors read this article and think people like the author are suckers for buying Bitcoins to begin with. Then there's a lot of Bitcoin enthusiasts that probably think people using Bitcoins to buy stuff are suckers for not holding on to them. You can't draw any strong conclusions from that but it's a bad sign when people on both sides of an issue think you're a sucker.
- Steko 14y ago
  "If it was so easy to get rich with bitcoin, everyone would have it already. " Who said it was easy, straw man much? Pushing pump and dump stocks via spam emails or selling worthless plots of land to old folks might very well be hard but that doesn't mean it isn't a scam or a get rich quick scheme.

by Steko 14y ago

lucb1e 14y ago

If it was so easy to get rich with bitcoin, everyone would have it already. Besides that, what are Dollars useful for besides drug deals and tax evasion? I can't pay a taxi in Dollars here (a very good measurement for how useful a currency is) but I can use dollars to buy stuff from some Chinese seller that doesn't make me pay tax over the bought goods. It's a hard truth for some. This reply is total bullshit, I know. I'm trying to connect with him on his level.

Steko 14y ago
"I can't pay a taxi in Dollars here" Who is trying to push the dollar as a viable currency for Chinese people to buy things with in China? OTOH Bitcoin hypers are trying to push it as a global currency. Well, spoilers: it sucks for that.
- lucb1e 14y ago
  > OTOH Bitcoin hypers are trying to push it as a global currency. Well, spoilers: it sucks for that. We're pushing for it, but we're not saying it's there yet. The person I replied to said "Walking up to people and paying people for goods and services is a good measure of how useful something is as a currency." while clearly that's not the case yet, and we never said it was. In the future, hopefully, it will be though. Why do you think it sucks as a global currency?
  - Steko 14y ago
    I'll be honest Bitcoin is a lot more accepted than I ever expected it would be and looks to have a lot of growth in terms of the things you will be able to purchase with it. That said the bar to be a successful working currency is really high and the investment angle works against it's use as a currency. Bitcoin detractors read this article and think people like the author are suckers for buying Bitcoins to begin with. Then there's a lot of Bitcoin enthusiasts that probably think people using Bitcoins to buy stuff are suckers for not holding on to them. You can't draw any strong conclusions from that but it's a bad sign when people on both sides of an issue think you're a sucker.
Steko 14y ago
"If it was so easy to get rich with bitcoin, everyone would have it already. " Who said it was easy, straw man much? Pushing pump and dump stocks via spam emails or selling worthless plots of land to old folks might very well be hard but that doesn't mean it isn't a scam or a get rich quick scheme.