Post
Topic
Board Bitcoin Discussion
Re: Our response to Dmytri Kleiner's misunderstanding of money
by
ryann
on 14/11/2012, 04:49:48 UTC
I have a credit card and paypal but I cant buy coins at the going rate.

Because the going rate is based on irreversible payment methods. Credit card, PayPal? "Great, I received 20000 BTC, now it's time to call my credit card company/PayPal and tell them to reverse the charge because 'the goods weren't received' or 'I was hacked'! Then I can sell the BTC for gold and I'll be fucking rich!"

That's exactly my point. Liquidity is the main bitcoin problem. Make sure you read the entire post before commenting.