Quote from: Gestas on February 15, 2013, 04:55:39 AM

Quote from: foggyb on February 15, 2013, 04:54:08 AM

Quote from: Gestas on February 15, 2013, 04:46:27 AM

Quote from: Elwar on February 15, 2013, 04:37:34 AM

Quote from: Vince Torres on February 15, 2013, 04:35:15 AM

Quote from: Elwar on February 15, 2013, 04:13:12 AM

Quote from: Gestas on February 15, 2013, 04:03:39 AM

You cant buy anything with BTC, it's only valuable because people can cash it out to fiat once the transaction is done with and can pay their rent/buy food, etc

http://pizzaforcoins.com

Enough with this pizza bullshit. Ok we get it you can buy pizza. What are you all fucking diabetics?

Apparently a currency is only worth something if you can buy food with it.

A currency is pretty worthless if you cant buy the basic necessities of life with it.

Correction: A currency is worthless when no one wants it. If people want bitcoin, we'll be able to exchange it for anything, soon enough.

People buy the basics with credit cards every day. There is absolutely no reason we couldn't do that with a credit-card sized electronic bitcoin wallet (already being worked on).

why would your average consumer ever want to use bitcoins? Irreversible charges and 10 minute transaction times along with having to pay the transaction fee are hardly attractive.

This. I don't get it people bitch about paypal's fees but bitcoin has fees too, sure it's a VERY small fee but if bitcoin really takes off the fee would just be insane 10m *0.0005 = 5K