Quote from: dannickherpderp on July 05, 2011, 05:50:02 PM

Quote from: AyeYo on July 05, 2011, 05:20:04 PM

Quote from: 5grainsilver on July 05, 2011, 04:06:35 PM

Quote from: kjj on July 05, 2011, 05:44:00 AM

Quote from: 5grainsilver on July 05, 2011, 12:24:09 AM

2. To use as a transactional currency. This is the real appeal of the bitcoin. But there is no reason for someone to convert dollars to bitcoins and buy something unless it is illegal. It is inconvenient and provides zero protection against theft or fraud.

You've clearly never purchased anything using bitcoins. It beats the crap out of paypal or credit card purchases in the convenience department.

Yes but it offers zero protection against scam sellers. And paypal is super convenient for the buyer, just sucks for the seller.

That's another HUGE issue. If I pay someone in ~~Bitcoins~~ cash, I have zero recourse once they're sent. I can't even prove I sent the money to the seller because it's all anonymous.

The relevant difference being that if I'm paying in cash, they're placing the actual product in my hand.