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Re: Future of Bitcoin
by
knightkon
on 30/12/2015, 23:11:16 UTC
Quote
Transactions in legal tender do not necessarily require any internet connection. But unlike legal tender, Bitcoin is necessarily associated with the internet. So, even maximum possible transactions in the digital currency are bound to be less than legal tender, at least in foreseeable future. However, as a medium of exchange and fund transfer, Bitcoin enjoys some distinct advantages over fiat money.

  Here is an article on the future of bitcoin. Would like to have community feedback on it...




Being able to easily transact without an internet connection is one of the advantages of cash over BTC at the moment, IMO.  It is a huge advantage of BTC to be able to make large transaction with BTC without suitcases full of cash though...
I do agree with all you put and the article, but lets face it, real businesses that are staying around for a whole all have internet access because their POS is connected to the internet and if their network goes down, then they do not get paid anyhow.  Let Wal-Mart's network collapse for 10 minutes, they will not be doing transactions.  I seen it happen.