Quote from: Towlie on October 12, 2015, 04:28:53 PM

Quote from: kingcolex on October 12, 2015, 02:09:31 PM

Quote from: ridery99 on October 12, 2015, 03:32:02 AM

How many of you can admit that buying Bitcoin was a worst decision of your life? I can. I'm approximately -50% in fiat funds now.
Sooner or later some type of bank chain or coin will come and gain mass adoption - while bitcoin still remaining a geek coin
to buy weed.
I know this forum is more like a cult than a information channel what comes to honest opinions but I know there's others
on this forum who feel the same, almost all of us. Don't let your cult believer ego come in the way.

The idea that Bitcoin is going to be used as a currency instead of the investment tool or storage of wealth that all of wallstreet is flooding dollars into may not be the best thinking.

Why can it not be used as both? A currency whos value rises over time like a defaltionary currency should would be a great thing for everyone.

It can but it is more useful as a currency when dealing with high value items and you have a minute to wait for confirmations, such as a car or bullion but merchants don't want to allow 0 confirmation out of fear of a double spend and they want to move their money to fiat instantly which does no help to the Bitcoin ecosystem.