Bitcoin Takes Bigger Wall Street Stage with Smooth CME Debut

Re:Bitcoin Takes Bigger Wall Street Stage with Smooth CME Debut by MichaelApproved on Monday December 18, 2017 @11:18AM (#15952672)

Bitcoin's purpose isn't for investing. People might choose to invest and speculate on the future value of Bitcoin but, among other things, Bitcoin's purpose is a currency that is decoupled from a central government.

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Re:Bitcoin Takes Bigger Wall Street Stage with Smooth CME Debut by madlynormal on Monday December 18, 2017 @11:35AM (#15952853)

How feasible is Bitcoin as a currency when transaction fees can exceed $20/USD?

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Re:Bitcoin Takes Bigger Wall Street Stage with Smooth CME Debut by MichaelApproved on Monday December 18, 2017 @11:38AM (#15952874)

Not very feasible, right now. There are some technical hurdles that can be overcome with some improvements in the code which will drop the transactions fees to almost nothing.

For now, Bitcoin seems to be taking shape as a store of value, like gold. Another, more updated crypto currency, might take over as day-to-day currency while Bitcoin is the larger value store.

Hard to say how things will shake out but it's surprisingly still the early days of crypto technology.

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Re:Bitcoin Takes Bigger Wall Street Stage with Smooth CME Debut by Bob2019 on Monday December 18, 2017 @11:29AM (#15952785)

How do you decouple from governments banning businesses from accepting it?

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Re:Bitcoin Takes Bigger Wall Street Stage with Smooth CME Debut by ryanmerket on Monday December 18, 2017 @11:34AM (#15952841)

Sell it for cash to someone via localbitcoins.com? Fly to another country that does accept it, open a checking account there?

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Re:Bitcoin Takes Bigger Wall Street Stage with Smooth CME Debut by hndamien on Monday December 18, 2017 @07:19PM (#15956722)

It is only important that people accept it. I think we can call that mission accomplished.

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