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Re:Bitcoin Visa debit cards are cancelled by staplers on Friday January 05, 2018 @01:04PM (#16080288)
The irony of making it difficult to exit crypto means traditional banking will long-term be on the losing end as people who buy into crypto (even as novelty) won't want to "cash out" due to difficulty while realizing how convoluted the fiat process is when viewed from the outside. They'll find ways to stay in crypto and get things done.
Re:Bitcoin Visa debit cards are cancelled by vkou on Friday January 05, 2018 @01:35PM (#16080528)
This is false.

When you find that you can't sell your tulips for dutch guilder, you don't set up a mirror economy that uses tulips for currency. Instead, you find tulip prices collapsing, and yourself broke.

Why would my landlord, who is not vested in crypto, want to exchange goods and services for bitcoins that he can't cash out to pay his contractors, taxes, etc? Nobody wants to be paid in illiquid assets, what on earth would possess him to get into that horror show.

Re:Bitcoin Visa debit cards are cancelled by toomim on Friday January 05, 2018 @01:43PM (#16080594)
Maybe that's what you do, but that's not what I do, and that's certainly not the hacker way.

So instead of saying "this is false", you should be saying "well, this is just, like, my opinion, man."

Re:Bitcoin Visa debit cards are cancelled by geezerjay on Saturday January 06, 2018 @02:02AM (#16084227)
Your comment adds nothing to the discussion and only serves as an attempt to disregard every point without any reason or fact, and simply because you prefer not to face the facts.
Re:Bitcoin Visa debit cards are cancelled by toomim on Sunday January 07, 2018 @05:24PM (#16093074)
It adds a datapoint (my own behavior) that contradicts the parent's claim of what people will do.

I think what you really mean is "your statement does not contribute to my argument," not "your statement does not contribute to the discussion." There are arguments besides your own, and I am living proof that they live in people.

Re:Bitcoin Visa debit cards are cancelled by mythrwy on Friday January 05, 2018 @06:14PM (#16082622)
I'll take your crypto as payment though. And so will other people. Maybe not everyone, but as long as enough people do to make it a currency it has value.
Re:Bitcoin Visa debit cards are cancelled by tim333 on Saturday January 06, 2018 @04:49AM (#16084595)
Maybe your landlord isn't into crypto but some other landlord may be.

Also being a little cynical, some landlords may be up for getting rent in an anonymous crypto like zcash and forgetting to pay the income tax on it.

Re:Bitcoin Visa debit cards are cancelled by rwmj on Saturday January 06, 2018 @10:04AM (#16085537)
How does the landlord intend to pay tax?
Re:Bitcoin Visa debit cards are cancelled by toomim on Sunday January 07, 2018 @05:30PM (#16093096)
I'm a landlord who accepts crypto.

You can pay tax with a shift payments visa card via coinbase. In general, you pay through an intermediary that swaps it for you, or cash out just what you need to pay tax when you need it.

Re:Bitcoin Visa debit cards are cancelled by JumpCrisscross on Friday January 05, 2018 @01:21PM (#16080442)
> traditional banking will long-term be on the losing end as people who buy into crypto (even as novelty) won't want to "cash out" due to difficulty

There is context for this. China and Venezuela's capital controls are why everyone wants to hold renminbi and bolivars.

Re:Bitcoin Visa debit cards are cancelled by nwah1 on Friday January 05, 2018 @02:55PM (#16081144)
They want to hold renminbi and bolivars because it is necessary in order to pay taxes.
Re:Bitcoin Visa debit cards are cancelled by JumpCrisscross on Friday January 05, 2018 @08:51PM (#16083372)
My comment was facetious. Both countries’ currencies are plagued with flight problems.
Re:Bitcoin Visa debit cards are cancelled by mhluongo on Sunday January 07, 2018 @04:33PM (#16092870)
Neither of those is true, lol
Re:Bitcoin Visa debit cards are cancelled by Nursie on Friday January 05, 2018 @01:23PM (#16080454)
Surely this is only true if the point of cryptocurrency for those people is to get things done. If it's mostly speculation, as it seems to be right now, not so much.