Quote from: deisik on August 26, 2016, 07:26:53 PM

Quote from: funkenstein on August 26, 2016, 06:11:15 PM

Quote from: deisik on August 25, 2016, 07:05:58 PM

Quote from: potatopower on August 24, 2016, 10:32:18 PM

Quote from: fkvidar on August 19, 2016, 03:54:13 PM

Quote from: windale on August 19, 2016, 03:06:56 PM

USD still popular over high popular is compare bitcoin
you wrong is compare, maybe compare dollar paypal , dollar perfectmoney dollar okpay is right placed compare
is comare USD not equal, USD real curency in the world , bitcoin digital curency

I have no idea what you are trying to say but for me I think USD is still better currency in compare to bitcoin as it can be used anywhere to buy anything.

it is not a better currency at all, bitcoins are the best because they are not controled by any banks or other financial institutions

But Bitcoin is essentially controlled by major mining pools now. They seem not to exercise their power (at least, openly), but apart from that, they are just like any other financial institution which has control over money (the US dollar or whatever)...

So what's the difference really?

The difference is that USD is privately issued. Therefore USD issuers can issue any amount at any time, at no cost to the issuer, and we the people have no way to know or verify that it happened

Isn't this exactly what control over money means? Indeed, if an entity that grabbed control over Bitcoin would try to hit hard, it would almost certainly fail. For example, if it had decided to cancel halving (the hypothetical event much talked about before the recent halving), it would have brought down the wrath of regular bitcoiners most likely ending up nowhere. But this doesn't in the least prevent such an entity from acting in ways which are more subtle...

But which could potentially be no less destructive in the long run than the plain old rampant printing of money, Zimbabwean style

The difference is the public nature of BTC. If somebody grabs control over BTC, and as you say - cancels the next halving, then the block chain immediately advertises this for all to see. Forks are public too!! Holders and users can choose what chain they wish to transact on. There is no getting away with monetary supply fraud that people can't see if you are on a public coin. If you are on a private coin, such as USD or Zimbabwe Dollars, then you ALWAYS have monetary supply fraud - that is the coin itself. It's the whole point really.