Billionaire Mike Novogratz says 10% of his money is in Bitcoin and Ether

Re:Billionaire Mike Novogratz says 10% of his money is in Bi... by bigtimeidiot on Friday April 21, 2017 @10:13AM (#14165764)

>In my neighborhood there are bars that accept Bitcoin.

Something tells me you don't live in Nebraska.

>Quite convenient in a city where you usually can only pay with cash...

How is it more convenient than cash?

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Re:Billionaire Mike Novogratz says 10% of his money is in Bi... by DINKDINK on Friday April 21, 2017 @10:22AM (#14165838)

You cannot back up cash

You cannot securely send cash across the globe without depositing it into a trusted third party

You cannot program physical cash

[ Parent | on HN ]

Re:Billionaire Mike Novogratz says 10% of his money is in Bi... by bigtimeidiot on Friday April 21, 2017 @11:00AM (#14166161)

Are you just listing a few random ways that Bitcoin is more convenient than cash? The OP was about spending money at a bar.

But okay, here's how cash is more convenient: I can walk outside my office and use this dollar bill at any store anywhere around me. It has apparent value to everyone I will talk to. I don't need the internet.

If you need to "program" or "backup" your money, I guess Bitcoin is your medium. No argument there.

[ Parent | on HN ]