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The point about U.S. dollars being the default is fair - though I personally don't think it can be the whole explanation. >> Why should he use a new thing? Bu
by grovulent 12y ago
The point about U.S. dollars being the default is fair - though I personally don't think it can be the whole explanation.
>> Why should he use a new thing?
But this is not actually the same question as the reputation assignment. It's quite possible that the consumer could decide that there was NO positive reason to use Bitcoin without having made the negative reputation assignments that have become common now. I'm not trying to make the case that there are sufficient positive reasons to use it - just that the reasons to not use it aren't rationally assigned.
- Nursie 12y ago>> just that the reasons to not use it aren't rationally assigned. I agree that many of the reasons people stay away aren't rational. However I don't think all are irrational - Someone might compromise my computer or my wallet provider and get all the money. This has happened repeatedly. There may be nothing I can do about that, technically or legally. While this is a bit like Madoff, I don't have to interact with Madoff to obtain or use dollars. To obtain and use BTC I pretty much have to take the risk of dealing with the BTC community.
- daves346 12y ago>> just that the reasons to not use it aren't rationally assigned. What's irrational about not wanting to store your personal wealth in a currency where the value fluctuates constantly, many times by multiple percentages points in a single day? If you don't keep a wallet with some BTC in it, then what good is it? If you're just using it as a means to transfer dollars around, you're definitely in a niche market -- and it could be argued that the rational one is the guy staying the hell away from BTC.