Quote:
Originally Posted by kazbalah
Your right in the fact that fiat currency could be used with a text messaging system. But then it would be centralized, you would need a central server to control it all and thats the whole point of bitcoin. Its like peer 2 peer money.
The other problem would be the fee's.
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Your cell phone app is also centralized. You are not really using bitcoin. You are assuming that your app is telling you the truth about the block chain. In order to take advantage of bitcoin's decentralized nature, you must maintain a full node.
And the fees. Bitcoin is not cheaper; it doesn't have lower fees. That is the wrong reason to promote it. The only reason bitcoin fees appear so low at the moment is because it is still relatively unused. Once the blocks start filling up, you will need to pay much larger fees in order to get your transactions confirmed.
You need to
read the log, and stfu until you're done.
Quote:
Originally Posted by ReggieDurango
I would buy some bitcoin, if I could figure out how the fuck to do it. And I'm not some peasant in Africa!
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Try
#bitcoin-otc. I wouldn't trust some random website that wants your bank info.