Re:Bitcoin’s Wild Ride Shows the Truth: It Is Probably Worth...
by manbearpigg on Monday September 18, 2017 @08:05PM
(#15280766)
Well if a guy on the internet says it, it has to be true.
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Re:Bitcoin’s Wild Ride Shows the Truth: It Is Probably Worth...
by hndamien on Monday September 18, 2017 @08:06PM
(#15280769)
I think we found the guy that regrets not buying any Bitcoin (the author - not manbearpigg)
Re:Bitcoin’s Wild Ride Shows the Truth: It Is Probably Worth...
by emodendroket on Tuesday September 19, 2017 @04:05AM
(#15282636)
I mean I don't think anyone can deny that it turned out to be great to speculate on so far, but is it actually a good means of exchange or store of value? It remains extremely volatile.
Re:Bitcoin’s Wild Ride Shows the Truth: It Is Probably Worth...
by blunte on Tuesday September 19, 2017 @06:31AM
(#15283286)
In many situations it is an excellent means of exchange of value. Convert your fiat to bitcoin, make a global bitcoin transaction (for a comparatively small transaction fee, and within 30 minutes), then convert the bitcoin to fiat on the other end.
That's WAY better than a bank wire, and even better than the increasingly effective service that Transferwise provides. It's also beneficial to at least one party because no bank can reverse the transaction.
Re:Bitcoin’s Wild Ride Shows the Truth: It Is Probably Worth...
by emodendroket on Tuesday September 19, 2017 @06:47AM
(#15283373)
It's relatively inefficient and it's hard to see why someone would choose that over wire transfer unless they were doing something illegal. I also don't get why "no banks can reverse the transaction" is touted as a benefit so often; what sane buyer prefers to do online purchases where they have no recourse if they never receive the goods?