[Pete Svarrior]

Why is it neat? Why take all the extra steps when you can just use your local currency? A currency that likely hasn't lost half its value in the last 2 months and didn't require a third party broker who took a slice?

Because I cannot generate my local currency by computing hashes.

[Thork]

Why is it neat? Why take all the extra steps when you can just use your local currency? A currency that likely hasn't lost half its value in the last 2 months and didn't require a third party broker who took a slice?

Because I cannot generate my local currency by computing hashes.

No, you generate it by doing something useful, like going to work.

[Pete Svarrior]

No, you generate it by doing something useful, like going to work.

That sounds like effort. I think I'd rather get my Amazon stuff for not doing things. If I can earn physical items through no effort of my own, I'm probably gonna do it.

[Thork]

No, you generate it by doing something useful, like going to work.

That sounds like effort. I think I'd rather get my Amazon stuff for not doing things. If I can earn physical items through no effort of my own, I'm probably gonna do it.

Do you see how this isn't going to work as a currency?

[beardo]

Why are people posting in this thread?

[jroa]

But, Thork is the only one who posts on this thread. 

[Rushy]

The biggest problem with bitcoin, and it hasn't been addressed yet, is that it is only accessible to the technically astute.

Aww, you think I'm technically astute.

You can't have a currency that isn't accessible to everyone. Money as we know it, is recognised and used by everyone. Its an easier way to trade than barter, which is why we use it. Bitcoin isn't.

I guess the Internet is doomed to be only used by nerds and geeks. No one could possibly operate it without technical expertise and... yeah. That argument totally worked in the 90's.

I'm sure Rushy will rush back saying how easy it is and that only a moron couldn't use it and blah blah, but its not as easy to use as cash. And there in, will lie its downfall.

It is just as easy to use, it's just that a lot of people have never used it before. Algebra is easy, but it feels pretty damn hard when you're in fifth grade. It just seems like a lot to learn, it really isn't.

[Blanko]

Wait, is someone trying to argue that cryptocurrencies should replace conventional currencies?

[Rushy]

Wait, is someone trying to argue that cryptocurrencies should replace conventional currencies?

Yes. Everyone on the planet should switch to Bitcoin right now.

[Alchemist21]

Bitcoin is starting to sound more like shares of stock than currency.

[Rushy]

Bitcoin is starting to sound more like shares of stock than currency.

Let me know when Bitcoin starts paying dividends.

[markjo]

Bitcoin is starting to sound more like shares of stock than currency.

Let me know when Bitcoin starts paying dividends.

Irrelevant.  Lots of stocks don't pay dividends.

[Pete Svarrior]

Do you see how this isn't going to work as a currency?

I've been paid for work in BTC before, and I spent it on stuff. That, as far as my simple, pragmatic mind is concerned, makes it good enough to be a currency.

[EnigmaZV]

Do you see how this isn't going to work as a currency?

I've been paid for work in BTC before, and I spent it on stuff. That, as far as my simple, pragmatic mind is concerned, makes it good enough to be a currency.

You were a fool for not holding on to it longer.

[Rushy]

Irrelevant.  Lots of stocks don't pay dividends.

Irrelevant. I never said they did.

I've been paid for work in BTC before, and I spent it on stuff. That, as far as my simple, pragmatic mind is concerned, makes it good enough to be a currency.

This isn't the first time I've heard this. What work was it, if you don't mind me asking?

You were a fool for not holding on to it longer.

People are idiots for buying computers. Don't they realize that a twice as powerful computer will be out a year from now? Also, no one is a fortune teller. Bitcoin can go down as fast as it went up.

[Thork]

Irrelevant.  Lots of stocks don't pay dividends.

Irrelevant. I never said they did.

Actually its more like a commodity. Like Copper or Gold. Only it doesn't exist and hence has no intrinsic value at all. 

I've been paid for work in BTC before, and I spent it on stuff. That, as far as my simple, pragmatic mind is concerned, makes it good enough to be a currency.

This isn't the first time I've heard this. What work was it, if you don't mind me asking?

He pushes vegetables up his arse in front of his webcam.

[Saddam Hussein]

I've been paid for work in BTC before, and I spent it on stuff. That, as far as my simple, pragmatic mind is concerned, makes it good enough to be a currency.

This isn't the first time I've heard this. What work was it, if you don't mind me asking?

He pushes vegetables up his arse in front of his webcam.

It sounds like you were one of his viewers.

[Pete Svarrior]

It sounds like you were one of his viewers.

You wouldn't believe how much he paid me.

You were a fool for not holding on to it longer.

Yes, I regret it every now and then. But hey, the fact that I could have earned much more doesn't change the fact that I earned a bit.

This isn't the first time I've heard this. What work was it, if you don't mind me asking?

It was a small programming project. I don't want to say more because the NSA will literally carpetbomb my region if they find out.

[markjo]

Irrelevant.  Lots of stocks don't pay dividends.

Irrelevant. I never said they did.

Then why did you bring up dividends when bitcoins were compared to stocks?

[Rushy]

Then why did you bring up dividends when bitcoins were compared to stocks?

Why not?