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Board Beginners & Help
Re: Serious Question about Bitcoin, please answer
by
Mattius459
on 22/12/2013, 03:46:34 UTC
Serious response.

Once Bitcoin's price stabilizes, why would anyone take federal reserve notes that can be instantly created digitally without limit, when you can have something that can't be created in the same manner?

Why? Because they always have and it's so darn easy.

Sure, I get my points on my card, but I encourage bitcoin because it takes the power from the banks who hold onto their money unless the "right" person wants it, I have a business, and product and experience, but that no longer matters to banks, because I am not their type... but I digress. The dollar is going down, so is the Euro and the Yen. It is unsustainable, you know it, we all do. When it goes down and we have that next big crash in the stock market, try to get some gas for $3, just try.

Right now crypto is in it's infancy, so it goes up and down pretty crazily, but it will stabilize, and when it does exchange rates will go down. Right now you have the ability to get in and be a part of something that finally can replace fiat currency, yes, it is going to cost you a little extra to get in, but so does getting into silver or gold. You can't get any at spot, but still many more people buy metals than bitcoin because they view it as a viable alternative to fiat, those same people will be buying bitcoin in the coming years, you can be ahead of them or with them or behind them, or you can hold your dollars till they are almost worthless.

I feel that your reasons for using BTC have an ideological tone, which I'm sure you know doesn't translate to mainstream users. Mainstream users love cash back and convenience, and they hate small fees. They don't know what you are talking about when you talking about the power of the banks and what fiat currencies are. My question is: What is going to make Joe Sixpack on the street corner buy and use bitcoin. Right now I just don't see a compelling argument.