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So to even buy bitcoin you have to do with money what you would do on any site to buy anything else. Why would you ever turn your money into bitcoins to do that
by forthefuture 12y ago
So to even buy bitcoin you have to do with money what you would do on any site to buy anything else. Why would you ever turn your money into bitcoins to do that? It's easy to say now, "oh bitcoin will never work" because it's tanking, but can anyone explain any practical use whatsoever for this monopoly money? Do people really expect companies to start paying people in marbles and tops cards or is this as straightforward as it seems?
- Estragon 12y agoEscrowed transactions are far easier cheaper than in USD.
- shuska 12y agoI'm not an expert on it by any means, but from what I understand just the technology behind the blockchain (essentially how the entire network works) is what is really valuable with Bitcoin. Bitcoin does have some practical uses - I've heard of people transferring money between countries/across the world with little to no fees as an example. It's basically a way to get around banks being difficult/charging ridiculous amounts of money for transfers. The point is not to store all your cash in the form of bitcoin, but rather transfer it to bitcoin when you need to buy something. There's some people who put their savings into bitcoin which is really dumb.