Quote: bigfoot66I outlined some reasons earlier:
You can buy illegal drugs with bitcoin.
You can circumvent currency controls and move money freely across international borders.
You can move money freely and anonymously and perhaps avoid taxes.
If you do accept bitcoin as payment the payer cannot "chargeback" without your consent.
You can legally (at least for now) gamble online with bitcoins.
Ben Bernake can't inflate bitcoins.
And all of this without transaction fees.
Damn, next time I get caught in a riot I am going to put a sign on my back that says "Don't Shoot. Will pay bitcoin."
Quote: bigfoot66I outlined some reasons earlier:
You can buy illegal drugs with bitcoin.
.
The guy standing on the corner in the hood
selling crack takes Bitcoin? Really? I'd bet real
money he's never heard of it.
Quote: EvenBobThe guy standing on the corner in the hood
selling crack takes Bitcoin? Really? I'd bet real
money he's never heard of it.
They sure do, if you don't believe me go up to a couple of them and ask. I bet they have the app on their iphone.
Quote: Maverick17They sure do, if you don't believe me go up to a couple of them and ask. I bet they have the app on their iphone.
I have to agree with you. To people in the business whose lives are very much on the line because of the difficulties in moving cash, I bet they are all over this story. It's not a question of them being tech savvy, it's there wet dream.
http://www.uproxx.com/technology/2012/08/this-is-whats-really-going-to-happen-to-bitcoin/#ixzz2PkLbpvR6
The article I read talked about how you can write computer programs to 'mine' (create?) bit coins by solving complex math problems. How is that different from a government or reserve bank printing money?
If I bought more now, I'd expect it to go to $100, but I'd probably be wrong again. But that's the sort of wrong I don't mind being.
Quote: EvenBobThe guy standing on the corner in the hood
selling crack takes Bitcoin? Really? I'd bet real
money he's never heard of it.
I provided a link earlier in the thread.