Quote:
Originally Posted by helterskelter808
What are the advantages of bitcoins over currency and payment systems that already exist (dollars, credit cards and Paypal)? For Bitcoin to get any traction there needs to be a good reason for people (normal, average people, who don't give a rat's ass about its 'protocols' or what a technical marvel it is) to use it. If it's taxable and it's not anonymous, and it has a mountain to climb in being accepted anywhere, what is the (non ideological) reason to use it?
Not just for you, holograph is welcome to answer too, if he likes.
I'm not even against Bitcoin, I just don't think it will go anywhere, and think has no real, significant use other than as a commodity on the exchanges.
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Oh allow me
It's SO much better than cash, lets say you use a Bitcoin wallet like Bitcoin-QT Vs an actual wallet with cash. With the wallet you can open it up straight away and pay for things but the thing that people just "don't get" about a Bitcoin wallet is you have to wait for your Bitcoin wallet to synchronise with the network to update the blockchain.
Let me tell you it's fucking awesome! There is nothing better than having to wait for a undefined amount of time that can range from 20 minutes to an hour or longer for the blockchain to update before you have the ability to access your funds!
But wait there's more! Then if you want to buy something with Bitcoin you send the Bitcoins and it can take over an hour before 6 confirmations appear on the blockchain, how cool is that!! Credit card or cash you can buy things INSTANTLY but that's the thing with Bitcoin, they just don't "get" how awesome it is.
And it's totally not in the least bit stressful having to wait up to 2 fucking hours to make a transaction!
Another cool thing about Bitcoin you have to keep a tinfoil hat level of paranoia to make sure your Bitcoins don't get stolen by hackers, that's VERY convenient!
The other AWESOME thing about Bitcoin that people "don't get" is that if you buy them from any exchange you might as well put a big red target on your back as it's a fucking Disney Land play ground for all types of criminals from drug dealers, money launderers and if the exchange you use get's shut down as it inevitably will you'll most likely be investigated too!
Then there is also the fact that Bitcoin is worth 90% less than it's current market price, once you take away the hype and speculation i.e. 90% of the market you realize the economy of Bitcoin is roughly in the 100 million mark, half of which is from Silk Road
But people just don't "get it" they don't "understand" Bitcoin
