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You don't need permission to use cash. You need permission to use cash with someone's online infrastructure because the world is rife with bad actors. A payme
by bduerst 11y ago
You don't need permission to use cash.
You need permission to use cash with someone's online infrastructure because the world is rife with bad actors.
A payment system isn't graded by "permissions", it is graded by how well it handles disputes. That is why in it's current state, the future-of-money-Bitcoin™ won't work for many, many people and isn't competitive. (even with multi-sig escrow)
- brighton36 11y agoSo, if the world is rife with bad actors, why does cash work so well offline? You should consider that online systems are more risky, mostly due to their pull-based nature, which is why so many roadblocks exist in traditional Internet-based value routing systems. As for competitive, clearly you've never bought something with Bitcoin online.
- bduerst 11y agoWhat's clear is that you have a cognitive bias about bitcoin - I have used it online, which is irrelevant because you can make statements critical to something without having ever used it. You're canvassing this thread making vapid pro-bitcoin arguments, which is probably your attempt to reconcile reality with your constructed view of Bitcoin. It's okay to admit Bitcoin isn't competitive.