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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W odpowiedzi do @GoingMadlem
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.
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W odpowiedzi do @the_tark
Yeah, I get the money making part... I don't get why people think it's "the future"
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W odpowiedzi do @GoingMadlem @the_tark
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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W odpowiedzi do @globalsign @the_tark
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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W odpowiedzi do @GoingMadlem @the_tark
There's already bitcoin cashpoints. I'm getting the vibe you don't like Bitcoin? What makes you hesitant to accept its value?
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W odpowiedzi do @globalsign @the_tark
I accept bitcoin has value. I've profitied from bitcoin. I just don't see why everyone that invests in it pretends they're ushering in a new world order of currency.
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W odpowiedzi do @GoingMadlem @the_tark
2/ Maybe Bitcoin is not the new world order for currency but I think the real hype is around the underlying blockchain technology. That is REALLY ushering in a new world order.
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Ok, but blockchain is entirely independent of bitcoin... so we're back at the start: "why do bitcoin advocates think they're changing the world?"
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W odpowiedzi do @GoingMadlem @the_tark
I personally just think they misunderstand the technology difference between blockchain and bitcoin. Some think of them as one thing
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