Post
Topic
Board Speculation
Re: I am fucking panicking
by
psybits
on 11/07/2013, 13:43:19 UTC
I'm curious -- in regards to products you can buy with bitcoin (and not fiat? more conveniently than fiat?) what are you talking about, some more examples, web sites? From the perspective of someone who isn't actively involved with bitcoin and thus wouldn't be holding it, is this still true? I just don't see it.

A few quick examples but really you guys should do more research!

- There are invisible barriers to entry for people from many countries (especially in Africa and the Middle East) where it is virtually impossible for people to open a Paypal account. Artists, authors, entrepreneurs and more can easily accept payment in Bitcoin for their services from anyone anywhere in the world.

- Paypal and Visa transaction fees make micropayments (payments under $1 US) virtually impossible. These are easy, fast and convenient with BTC so for example someone can accept micro payment donations on their blog.

- Bitcoin is the first P2P currency in the history of the world and the first decentralized currency to have a value which is not tied to any one nation state. In terms of the evolution of humanity I see this as an amazing thing. It is the first truly global currency which ANYONE can participate in and accept payment in quickly and easily.