Quote:
Originally Posted by notinmybackyard
Me personally I have no intention of buying bitcoins
I see it as volatile and erratic. Not to forget that we have no idea of how governments are going to react to it. Also there really is no such thing as "long term" when it comes to any kind of technology. But if you can buy in when the coins are low and get out before the shit hits the fan then I wish everyone doing that best of luck.
As for the porn industry,
I have no complaints. It took a little re-thinking and re-working. Our profits margins are increasing and there is a fair amount of room for us to conservtively expand our operations.
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Yes it's volatile. It's new, small and abused by day traders. But for someone accepting Bitcoin this is no problem as the processor will right away transfer it to USD.
What you are left with is an instant payment system with near 0 fees, no chargebacks and anonymous payments. But fuck that right, who would want that if you can accept credit cards for 15% and all the problems that come with it.
Also the Bitcoin trolls have been screaming for a year already how the US will ban it. Guess what, it ain't gonna happen. But they will just ignore that and find something else to use in these threads.
Bitcoin might fail but the technology behind it won't go away. It's here to stay and it will get huge.
There are people who understand that and people who don't. And from those who don't you have people who are willing to learn and people like the topic starter who are just ignorant and sad.
One of the most brilliant pieces of technology of the last 10 years with abilities to change so fucking much, online and offline and all these idiots do is start threads screaming in caps how it goes down and how they told us so. As if they understand even 1% of what's going on.
Regardless of the money it can make me i hope Bitcoin will get huge. If not Bitcoin then Bitcoin 2.0 whatever that will be. And i'm pretty damn sure it will. And people like the thread starter will get it 1 day. And actually use it. And they will realize how goddamn fucking stupid they looked every time they started posts like this one.
Even people like JFK. Fucking clueless dinosaur idiot. Was shooting 640x480 pics till just a few years ago. Thinks he now understands Bitcoin and knows why it and its core will fail. Hilarious.