Post
Topic
Board Bitcoin Discussion
Re: Bitcoin will fail
by
Razick
on 31/05/2013, 15:58:26 UTC
Next could be the remittance market. That will bring a new subset of peers and new challenges. This experiment is just getting started.    

Remittance is the opposite of greed... Ding ding ding!

How does one earn a Bitcoin through labor to send home to family?


but this also does little if I try and send my buddy in china a bitcoin, he needs to then transfer it to an exchange, sell it, wait 3-5+days to recieve a check so he can go spend it. If he can not spend a bitcoin, remittance is a dud idea until a bitcoin based economy is already up and running.

Again fiat wins,, if bitcoin based projects are not the main focus right now.

Look around, you can buy all kinds of shit with Bitcoins. I bought an miniature crossbow for example.

My paintball store (temporarily closed while I get some legal stuff in order) accepts Bitcoin. Wordpress accepts it. Coingig accepts it. You can buy giftcards with it. The Bitcoin economy is small, but growing quickly, and already larger than you think.