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A comment on Shopify accepts Bitcoin. Parent comment

Re:Shopify accepts Bitcoin by pakitan on Saturday November 09, 2013 @07:13AM (#6701423)
Yes, and that's why I agree that bitcoin is "digital gold", rather than the Holy Grail of ecommerce. But that doesn't make peercoin a good idea. If I want to spend I have credit card and a paypal account, I don't need whatevercoin to help me with that.
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Re:Shopify accepts Bitcoin by atmosx on Saturday November 09, 2013 @07:53AM (#6701499)
I totally get that and I agree with you.

My initial point stands though: As a currency BTC is/has failed. As an asset might work, but I don't know for how long.

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Re:Shopify accepts Bitcoin by pakitan on Saturday November 09, 2013 @09:52AM (#6701753)
"Failed" is a strong word and it's still too early to tell. Sure, I don't think it will ever be used predominantly as an exchange medium but that could be a nice "bonus" functionality. A lot of it depends on how bitcoin-friendly governments are. For example, if a global network of bitcoin ATMs can be built, this could practically put Western Union out of business.
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