Re:Bitcoin is failing at becoming the future of money
by colordrops on Thursday May 20, 2021 @02:00PM
(#27224713)
Sure, you do for some things, as most people do. And many people find a lot of value in no middleman for other things. This is not contradictory.
Re:Bitcoin is failing at becoming the future of money
by bob33212 on Thursday May 20, 2021 @02:47PM
(#27225397)
The only transactions where a middle man are a problem for me is the government and taxes. I would like to be able to give someone money without reporting it to the IRS. I would like to be able to buy weed in the mail, but the government doesn't allow that. Crypto doesn't stop laws from existing.
People love to bring up Venezuela, but what happens when that government finds out someone has bought a house with crypto?
Just imagine if a gas station changed their prices to ounces instead of gallons and you filled up your gas tank for $3000 before you realized the scam. With no middle man that money is gone. With a credit card you can refuse the charge and tell the credit card company who will ban that seller from their network and not charge you.