Re:Someone just made a $147,239,214 Bitcoin transfer
by rfugger on Friday November 22, 2013 @02:38PM
(#6783215)
You could say the same for gold, stocks, or bonds. But at least Bitcoin has the ability to be cheaply, easily, and quickly transferred to anyone else in the world, meaning it has the potential to be useful for paying for your house, car, taxes, food, and be easily converted anywhere, once enough people are using it.
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Re:Someone just made a $147,239,214 Bitcoin transfer
by res0nat0r on Friday November 22, 2013 @11:38PM
(#6785234)
I can relatively easily convert large amounts of gold, stocks or bonds to cash currently unlike bitcoin. Also I don't care about potential use in the near future (20 years? 2 months?).
Unless you provide me a way to realize bitcoin to actual USD in non trivial amounts with the same amount of effort it would take to convert my stocks or bonds, it is as useful a currency for real life as is my current GTA V Online bank account.
Re:Someone just made a $147,239,214 Bitcoin transfer
by waterlesscloud on Saturday November 23, 2013 @03:38AM
(#6785701)
"Unless you provide me a way to realize bitcoin to actual USD in non trivial amounts with the same amount of effort it would take to convert my stocks or bonds, it is as useful a currency for real life as is my current GTA V Online bank account."
So it's either as easy as stocks or it's useless?
Hmmmmm.
I think you're overstating your case a wee bit there.