Post
Topic
Board Bitcoin Discussion
Re: The fork
by
markm
on 19/02/2013, 20:30:11 UTC
Otherwise the basic plan seem to be to pull a bait-and-switch, selling people on a purportedly person to person grassroots currency then pulling the rug out from under them by migrating it to business-to-business then to megacorp-to-megacorp...

Well put.  Bank of America, Wells Fargo, et al. already provide me with an expensive and restrictive form of money transfer.  Their services come with perks too, like insurance and customer service.

Yes, but, the alternative might have to be an expensive but not restricted (by KYC, privacy invasion, AML, what you are allowed to buy, who you are allowed to buy it from, which nationalities, races or creeds you can or cannot do business with etc etc etc) form of value transfer (bitcoin with block limits that keep it reasonable to run a full node at home), and/or a whole bunch of such forms so that each individual form fits easily on home computers and maybe even some home computers can merged-mine many of the forms at once like I still do right now.

(
Imagine: Pay with: BTC (highest fee), NMC (lower fee, popular with domain speculators), IXC (lower fee, lower security)...
or
Imagine: Pay with BTC: not applicable (cart's total is too low for high-value network), NMC (highest fee network handling such low value transactions), IXC (lower fee, lower security)..
etc
Or even  BTC: pay whole coin, change tendered in NMC or IXC, etc...
)

-MarkM-