Quote:
Originally Posted by Oracle Porn
Same as the USD, it is backed up by the people.
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not the same at all...you see at any time the US gov can say "we are shutting down exchangers for bitcoin because we are having a bad hair day" and that is the end of bitcoin...
on the other hand they will never say "We are shutting down the USD"...
a chain is only as strong as it weakest link and this weakest link are exchangers...there is nothing more fragile than an exchanger...
also:
"oh I will use my credit card to buy bitcoin so that I can pay the credit card fees AND the exchanger fees and then wait for hours for my account to get funded and then for hours for the transaction to get approved, instead of just paying the shit with my credit card and finishing the job right away...so convenient!" said no customer ever
gold fever prevents people from seeing clearly...they make up shit why bitcoin is better than anything else and how we should all take the extra steps and pay the extra fees to "save money and time"