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So you have people exclaiming that bitcoins are worthless. Well... there are plenty of people right now spending bitcoins and receiving goods and services in ex
by bobbles 13y ago
So you have people exclaiming that bitcoins are worthless.
Well... there are plenty of people right now spending bitcoins and receiving goods and services in exchange for those bitcoins.
Plenty of things in the world can be considered worthless if you aren't interested in them.
I'm quite happy for people to continue living in a world where sending money goes through several 3rd parties, all taking a cut and adding delays, but I don't want to be one of those people any more.
- dingaling 13y agoYour third sentence could just as easily apply to the Bitcoin network. Miners ( third parties ) take their cut ( transaction fees ) and the processing time is dependent upon the generosity of the fee-payer ( low-fee transactions are left out of blocks until finally swept after hours or days ). You don't have a way to pay someone else BTC without participating in the system at least once. I'm excited by Bitcoin but it isn't financial liberation.
- bobbles 13y agoYou're correct, but the fees are so low and the delay is so small as to be negligible (in comparison).