Quote from: tntdgcr on November 22, 2013, 01:18:14 PM

Quote from: niothor on November 22, 2013, 12:26:18 PM

Quote from: Come-from-Beyond on November 22, 2013, 12:22:09 PM

Quote from: GBGglenn on November 22, 2013, 12:11:10 PM

What the difference when it comes to buying/selling stuff when BTC will grow? Instead of paying 1 BTC you will pay 0.001 BTC etc. I dont see any problem with it as long as you can "translate(?)" the BTC to USD/EUR etc.

Exactly!

Quote

as you can "translate(?)" the BTC to USD/EUR etc.

Bitcoin was supposed to be used as a currency, not as a toy for speculators.

Yeah , bitcoin was supposed to do lots of things.
There are people here that said bitcoin will reduce poverty in Africa (how ? , beats me).

Well , guess what , it doesn't do most the things it was supposed to do , but in the future it might.

Average 3rd world person in poverty, has no bank account. They have no real means of even amassing wealth safely. Tack on to this, that services like Paypal and others all needed some "Exchange" end to be value, none of which was cash, prohibits them from participating.

Now, some guy can post services , get a small micro wallet, and very good chance he can exchange it one way or another. With 0 fear of some corp just jacking his funds over some KYC issues etc. The real potential is for the world of people excluded from normal banking and savings. IT will just take time and adoption.

Of course my friend..
We have no water , no electricity , food only from the UN help funds , but we can store our "wealth" in a wallet.
Problems solved , we're going to Italy to buy Ferraris.