Quote:
Originally Posted by slapass
BTC has the delay issue. I made some good money on bitcoins and other currencies but it is hard to think long term on something that is so inconvenient. Try to figure out how your mom can buy a cup of coffee, and you realize it was never going anywhere.
Then add in that a super computer can crack the whole thing open in a week and you get a little nervous about storing your net worth in BTC.
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Actually I can see it going somewhere.
If the cup of copy had a QR code instead of a USD price then your mom could use a smart phone with the mycelium app to buy that coffee. It is literally instant to receive confirmation.
Also, it's nonsense that Bitcoin could be cracked in a week. Bitcoin contains something like 1,000,000,000,000,000,000,000,000,000,000,000,000, 000,000,000,000,000,000,000,000,000,000,000,000,00 0,000 combinations and would take something like 0.65 billion years to crack.