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Its hard because it's easy to own and secure Bitcoins, but impossible to own money in USD, bank accounts or paypal. It's all a huge network of promises based on
by oleganza 13y ago
Its hard because it's easy to own and secure Bitcoins, but impossible to own money in USD, bank accounts or paypal. It's all a huge network of promises based on debt. When you transfer bitcoin, you really transfer ownership forever. When you transfer digital dollar, you just rely on a bunch of intermediate agreements to hold true unless judge decides another way. Paypal payments are reversible, CC payments too. Even bank wires can be reversed sometimes because it's still based on an agreement between banks. Even laws regulating these agreements are also promises to punish or reward people based on other people's decision.
Bitcoin is the only money you can really own. Other currencies are fragile and ephemeral.
http://blog.oleganza.com/post/67362431718/you-can-own-bitcoin-you-cant-own-your-dollars http://blog.oleganza.com/post/67362431718/you-can-own-bitcoi...
- jonknee 13y agoHave you not heard of cash? It's probably the easiest way to get BTC as well.
- gaadd33 13y agoHow do you reverse a cash transfer? Like I hand someone $100 in cash.
- oleganza 13y agoYou can't. But you also can't make a cash transfer in 99.9% of global transactions (in volume) for many reasons. One of them is cash is physical. So cash does not really count.