Quote from: WatchMaker on September 20, 2017, 11:29:03 PM

Quote from: Crapz23 on June 19, 2017, 06:38:51 PM

Honestly I believe bitcoin is better since one you don't use your credit card so you don't loose you needed cash but instead your cash that you could easily earn back from mining. Plus, it's open to all ages unlike credit cards.

Yes, bitcoin provides more freedom to people of all ages. Bitcoin also provides more security and privacy to the people on the fly.

In what way does Bitcoin provide freedom?

Sure it's not as heavily regulated, but transaction times on a global scale would be astronomical, and impractical.

Not to mention it's,

Not supported in many locations
Requires internet to make transactions
Unregulated
Divisible - so on a global scale - you'd be making transactions in multiple decimals

I love Bitcoin, don't get me wrong, but having a coin that's value is based purely on speculation, and with a user-base that hardly understand the inner workings of it does not give me hope that this will replace a global currency.

Regulation is good when livelihoods rely upon it. Imagine with your salary, if JP Morgan released a news article trashing the USD you lost 30% of the value of it, then further to that, you lost another 10% because China decided they weren't going to accept USD.

Where does that leave you for the month if you've essentially lost half the value of your money, not to mention, the people paying you also lose their money as they get less business.

Everyone here wants to be part of a revolution against the banks and I agree, it's nice to have some financial freedom, but getting rid of established systems for a half complete movement is ludicrous.