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You could say the same for gold, stocks, or bonds. But at least Bitcoin has the ability to be cheaply, easily, and quickly transferred to anyone else in the wo
by rfugger 13y ago
You could say the same for gold, stocks, or bonds. But at least Bitcoin has the ability to be cheaply, easily, and quickly transferred to anyone else in the world, meaning it has the potential to be useful for paying for your house, car, taxes, food, and be easily converted anywhere, once enough people are using it.
- res0nat0r 13y agoI can relatively easily convert large amounts of gold, stocks or bonds to cash currently unlike bitcoin. Also I don't care about potential use in the near future (20 years? 2 months?). Unless you provide me a way to realize bitcoin to actual USD in non trivial amounts with the same amount of effort it would take to convert my stocks or bonds, it is as useful a currency for real life as is my current GTA V Online bank account.
- waterlesscloud 13y ago"Unless you provide me a way to realize bitcoin to actual USD in non trivial amounts with the same amount of effort it would take to convert my stocks or bonds, it is as useful a currency for real life as is my current GTA V Online bank account." So it's either as easy as stocks or it's useless? Hmmmmm. I think you're overstating your case a wee bit there.
- res0nat0r 13y agoYes. If I can't get a million bucks out of my wallet so I can actually use it in the real world, then it is pretty useless to me.