Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Andre#
on 21/03/2015, 09:12:27 UTC
This is ridiculous.
Around half my income comes in the form of bitcoin payments for copywriting and communications work with clients around the world. Payments are typically $50-300 each. Without bitcoin, it would be utterly uneconomical to transfer those amounts through the traditional banking system. There's clear value there to me: the ability to access global work, without which this month I'd have trouble paying my mortgage and feeding my kids.
And yes, to pre-empt your next point, I do pay my mortgage in fiat. But I also keep some in bitcoin, because it's the best way of paying for goods and services globally, like the gigs on Fiverr I've been using to create material for communications campaigns using professionals around the world, and because the punitive bank rates make it smart to keep the money in the system rather than going via fiat. Some of those people, I imagine, will do the same, and some of them are only able to access the work I give them because I pay in bitcoin, rather than be extorted by a fiat transfer. Ever tried sending $5 across continents by fiat? A clue: Fiverr wouldn't be called Fiverr any more. And so the bitcoins go round, providing a useful and valuable service as a fast, cheap means of international currency transfer.
I love that you're so engaged and enthusiastic about proving bitcoin is a ponzi/scam/will never work, etc. Really. But while you're pontificating about why it can't work, you seem not to realise there are people like me who are able to pay the bills and create real value for other people because it does work.

Exactly!
+1