what do i buy with bitcoin then?
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Replying to @pachkacigaret @Mangan150
You might buy some big-ticket items directly with Bitcoin, but for the most part you'll use a second-layer system backed by and settled in Bitcoin. Banks and other large financial institutions, not Starbucks customers, will be the main source of transactions on the blockchain.
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Replying to @mhartl @Mangan150
but why would i use bitcoin instead of usd tho my bank has never taken ages to process my transactions or stopped working due to "technical difficulties" all of a sudden
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Replying to @pachkacigaret @Mangan150
Because with USD you're at the mercy of the Fed, which can dilute at will.
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Replying to @Mangan150 @pachkacigaret
Gold is difficult to transport and far too easy to seize. This latter property in particular was its Achilles' heel. https://en.wikipedia.org/wiki/Executive_Order_6102 … As a store of value, Bitcoin has all the virtues of gold with none of its flaws. (Bitcoin jewelry, admittedly, isn't as pretty.)
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Replying to @mhartl @pachkacigaret
If the Fed holds gold, that seems good enough for me.
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Replying to @Mangan150 @pachkacigaret
C'mon, the Fed eats soy and doesn't lift. They're living in the past. The future is digital, and it all likelihood Bitcoin will win.
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Replying to @mhartl @pachkacigaret
Didn't Coin Base just get a subpoena for all their customers?
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Replying to @Mangan150 @mhartl
the ones who made transactions of $20k or morehttps://www.coindesk.com/20000-irs-exempt-casual-bitcoin-buyers-coinbase-data-request/ …
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I think they are trying to find Satoshi.
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