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A comment on Ethereum: A number of hard forks turn out to be scams. Parent comment

Re:Ethereum: A number of hard forks turn out to be scams by ex3ndr on Thursday January 10, 2019 @04:41PM (#18878499)
I can close a deal via email, exchange love letters with my fiance and this will be probably easiest way to do. What can i do with bitcoin or ethereum? I am following cryptocurrencies since second year of bitcoin and still can't see real world applications that can't be solved in more predictive way. For example, once some virus stolen my bitcoins and how i can get them back?
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Re:Ethereum: A number of hard forks turn out to be scams by mdpopescu on Thursday January 10, 2019 @04:52PM (#18878642)
You can transfer hundreds of millions of dollars in minutes, with very low costs. For example, [1]

[1] https://www.quora.com/Whats-the-largest-Bitcoin-transaction-...

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Re:Ethereum: A number of hard forks turn out to be scams by root_axis on Thursday January 10, 2019 @04:56PM (#18878669)
No you cannot. You can transfer blockchain tokens ostensibly valued at millions, but you can't actually spend that money without cashing it out, which is extremely difficult with sums that large.
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Re:Ethereum: A number of hard forks turn out to be scams by kss238 on Thursday January 10, 2019 @06:44PM (#18879648)
There is lots of things you can purchase directly with bitcoin.
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Re:Ethereum: A number of hard forks turn out to be scams by TheOtherHobbes on Thursday January 10, 2019 @07:12PM (#18879848)
Very few of them are both legal and tangible.
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Re:Ethereum: A number of hard forks turn out to be scams by kss238 on Thursday January 10, 2019 @09:54PM (#18880641)
You can purchase anything on Newegg with bitcoin directly
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Re:Ethereum: A number of hard forks turn out to be scams by simple_phrases on Thursday January 10, 2019 @07:53PM (#18880075)
Bitcoin isn't liquid like cash.
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Re:Ethereum: A number of hard forks turn out to be scams by mdpopescu on Friday January 11, 2019 @03:26AM (#18881807)
True. A lot of governments are working on fixing that... by making cash a lot less liquid.
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Re:Ethereum: A number of hard forks turn out to be scams by mgavaudan on Thursday January 10, 2019 @05:28PM (#18878966)
Once you send a scammer hundreds of dollars, how do you get them back? You don't. You're pointing out a problem that exists with the current monetary system.

One use case of bitcoin, that is very similar to emails actually is being able to transfer value 24/7 rather than 9-5 on weekdays.

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Re:Ethereum: A number of hard forks turn out to be scams by umanwizard on Thursday January 10, 2019 @05:34PM (#18879022)
> Once you send a scammer hundreds of dollars, how do you get them back? You don't.

One of the main points of bitcoin is that it makes transactions irreversible. In the current financial system, many transactions can be reversed, which is a feature, not a bug.

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Re:Ethereum: A number of hard forks turn out to be scams by DoctorOetker on Thursday January 10, 2019 @06:41PM (#18879629)
Similarily email is irreversible. Sure some providers will stall your email so you have a period of time to cancel/edit the email...

Nothing prevents a crypto client from similarily stalling a payment until you are sure you want to pay...

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Re:Ethereum: A number of hard forks turn out to be scams by UncleEntity on Thursday January 10, 2019 @09:15PM (#18880484)
> Nothing prevents a crypto client from similarily stalling a payment until you are sure you want to pay...

...and then all you need is fraud protection, monthly billing and airline miles and you've invented the credit card.

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Re:Ethereum: A number of hard forks turn out to be scams by solean on Thursday January 10, 2019 @06:09PM (#18879372)
Only 1 side of a reversed transaction thinks it's a feature
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Re:Ethereum: A number of hard forks turn out to be scams by hopler on Thursday January 10, 2019 @04:45PM (#18878568)
You can buy things that are illegal in your jurisdiction.

Remember that the point if cryptocurrency is to enable finance in the absence of good government. It's useless if you like your government.

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Re:Ethereum: A number of hard forks turn out to be scams by root_axis on Thursday January 10, 2019 @04:54PM (#18878663)
> Remember that the point if cryptocurrency

Nobody knows what the "point" of cryptocurrency is, and every enthusiast has a different opinion on that topic.

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Re:Ethereum: A number of hard forks turn out to be scams by DoctorOetker on Thursday January 10, 2019 @06:44PM (#18879647)
Yeah, that's exactly what the Church said about atheists.

"as an atheist what is the meaning of life? What is then the meaning of society? What is the meaning of ... ? "

It would be a lot simpler if we all simply served the commercial bankers, or perhaps the central bank or ... because then we wouldn't have to carry "the burden of having to ponder the meaning of our lives"

edit: slightly modified

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Re:Ethereum: A number of hard forks turn out to be scams by root_axis on Thursday January 10, 2019 @08:49PM (#18880348)
That's a very strange analogy. Honestly I'm not really sure what you're trying to say but your sarcastic quip about serving central bakers tells me all I need to know.
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Re:Ethereum: A number of hard forks turn out to be scams by paulie_a on Thursday January 10, 2019 @07:23PM (#18879920)
I can buy things that are illegal in my jurisdiction with my Chase card, and the USPS delivers it.
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