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Re:Accepting Bitcoin as a Small Business – 4 Years In, No Cu... by CPLX on Friday March 01, 2019 @10:16AM (#19281335)
I have a better analogy. Bitoin has the same issues as Flooz. It’s a more complicated and convoluted solution to a nonexistent problem.

The only people who have problems with spending money the normal way that are serious enough to accept the horrible user experience and unreliability of bitcoin are those conducting illegal transactions or evading currency controls. The market has no reason to rise beyond that narrow use case despite mass speculation to the contrary.

Re:Accepting Bitcoin as a Small Business – 4 Years In, No Cu... by cal5k on Friday March 01, 2019 @11:11AM (#19282004)
That's just ill-informed. "If you don't accept the banking oligopoly you're clearly trying to launder money" is the kind of nonsense that tries to shut down legitimate concerns over self-determination.

Money is an essential input to freedom. If you can't make an income, pay rent, buy food, pay for transportation, etc. you are not very free. I'd also go so far as to say that the right to transact anonymously should be part and parcel to a free society.

Re:Accepting Bitcoin as a Small Business – 4 Years In, No Cu... by delecti on Friday March 01, 2019 @01:13PM (#19283672)
You're arguing an is with an ought. People ought to be able to to transact anonymously and without any middle-men. In reality, most people are only willing to put up with the inconveniences of bitcoin because it lets them side-step the law.
Re:Accepting Bitcoin as a Small Business – 4 Years In, No Cu... by pjkundert on Friday March 01, 2019 @03:14PM (#19284832)
Wow, no...

I'm just a computer consultant trying to get paid. Bank payments to/from the US is an absolute, unmitigated train-wreck.

Even with the spectacular deficiencies of the Bitcoin/Ethereum user experience, it is already a vast improvement over the Bank transfer debacle.

The next generation of Cryptocurrencies (that solve most of the complexity/risk of creating, securing, managing and recovering public/private keys) and improve the transaction thruput and cost by 4+ orders of magnitude? These are going to kick the banks to curb.