Can anyone explain to me why Bitcoin is important to me if I don't need to launder money, buy drugs online, or get my wealth out of a country that won't let me export / invest internationally?
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Crypto market cap is something like 25% of Apple. Meaning the large firms haven't stuck their hands in it (yet), the community exchanging $ is small, and there's huge upside for getting in early. Not a long term bet, but appears to be a lot of money to be had short term.
Yeah, I get the money making part... I don't get why people think it's "the future"
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Huge FOMO right now which is driving interest, including non rational perspective on its potential. Why would the banks/major institutions/cc companies just cede control over financial transactions to bitcoin? More likely blockchain is incorporated by them in their own platforms
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Why are we supposed to care about blockchain other than encryption?
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Concept of 'microtransactions' makes us able to conduct small transactions (eg 25p) without costs incurred (like with a credit card). Also Bitcoin money is not subject to bank control. For example, Greek banks banned people from taking their own money out when recession hit.
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But the fact that you can't turn bitcoin into real money without a fee negates that promise unless it replaces all currency (spoiler: it won't)
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