Comment Re:shi..fting (Score 1) 315
There's also the security aspect. Low chance of it getting stolen as modern hoodlum's simply won't know how to drive it.
There's also the security aspect. Low chance of it getting stolen as modern hoodlum's simply won't know how to drive it.
If cryptographic algorithms break because of quantum computing, Bitcoin will be the least of our problems.
I went looking for it but my autocorrect gave me Greensky Bluegrass instead and I'm in a way happier place than if I had actually found the Bluesky bubble.
That's quite a conclusion from a single data point
what does crypto provide that the current banking system doesn't?
You have access to a bank? Lucky you. I'm guessing you live in a first world country? You probably have access to credit/debit cards too. You've probably never experienced triple digit inflation in a single year either, right?
Yeah, Bitcoin is not for you.
For the rest of the world, Bitcoin is a game changer!!
conservative voters who couldn't care less which (R) figurehead gets into the White House
Well, they did get to vote for the (R) on the ballot. Are the (D)'s going to? Or are they going to be assigned their candidate by the masters?
Bitcoin on the other hand produces nothing of value
I'm guessing you live in a first world country, have access to banks/credit cards, and have never experienced triple digit inflation? Yeah, bitcoin isn't for you. For everyone else, it's a game changer!
For a while people claimed that it could be used as currency. I think this one can be put to rest. Despite many attempts to use it as currency, it never caught on. Transaction fees are a killer.
It's working fabulous as a currency. The lightning network has made bitcoin faster and cheaper than any credit card on the market. The number of people actually using bitcoin as a currency are growing every day. You may not use it but that doesn't mean others aren't.
can i spend it on gas & groceries at the local brick & mortar stores? what if i get a flat tire will the tire shop take bitcoin? i seriously doubt any of those stores in the small town i am near would even consider it, cash is king otherwise bitcoin vendors would not be peddling bitcoin for cash
Yes and yes!
There are a number of places that offer bitcoin debit cards. You can swipe these anywhere cards are accepted. Your bitcoin is automatically exchanged to dollars and your debt paid. The tire shop doesn't even need to know that you just spent bitcoin.
2018 called and they want their arguments back. If you're purchasing something with bitcoin it would be silly to do it on the main chain, that's what the lightning network is for. Using lightning, Bitcoin transaction are faster, cheaper and can handle far more transactions per second that all major credit card companies combined. Bitcoin is still only a teenager but oh is it maturing.
Then sell it. The market just absorbed billions of dollars of Bitcoin that Germany sold. There's enough liquidity for even a moderate sized whale to dump it all without seriously affecting price.
Still plays YouTube ad free, no extensions needed
A conclusion is simply the place where someone got tired of thinking.