Quote:
Originally Posted by Webmaster Advertising
So I cant go to Amazon and buy a flatscreen TV for $800 with a credit (Can also use a debit card, that isn't 'credit' but its still just a piece of plastic) card and then buy the exact same TV for $800 using 7.6 BitCoins? I spent the same amount on both TVs I just used BTC funds for one instead of actual money out of my bank or from my credit line.
|
no you can't because amazon doesn't accept bitcoins but what does that have to do with anything? my point was credit isn't an actual persons money. its a debt backed by a billion dollar company. i can't wait for the day when i can buy a bag of chips for .00004529823232232 bitcoins. that's convenience.
Quote:
|
Dollars, Euros, Rupee, any type of currency can be used as investment, buying, selling and commerce, just like BitCoin, so I am not really sure what you mean by that.
|
obviously but its not its main purpose. with bitcoin most people own them because they think they are going to make money off them. i am not working for dollars in hopes my dollars will be worth more one day. see the difference?
Quote:
|
It is a relatively new currency, so it stands to reason not many places will accept it yet but as it continues to grow (in terms of popularity) the amount of places it can be spent will increase also.
|
if the government ever releases its own virtual currency (and they would be smart to do so) then i think bitcoin will remain in the dark corners of the web and not become mainstream. canada is already working on a virtual currency.
Quote:
|
As for your comment about it being used for investment and not commerce, that just doesn't ring true, any time someone purchases BTC, trades BTC, buys a physical or virtual good with them, they are using it for purposes of 'commerce'.
|
mhmmm... you knew what i meant.