Post
Topic
Board Speculation
Re: Bitcoin will never reach $20 again
by
Babylon
on 04/08/2011, 19:12:07 UTC
Bitcoin is something new.  Uncle Joe understands credit cards, but he doesn't understand the difference between good money or bad money.

That lack of understanding means Bitcoin is a hard sell, although with the performance of the markets it's getting easier and easier to explain it to him.



Joe may understand credit cards, you still can't pay him with one.  Paying him with bitcoin is about the same level of difficulty as paying him with paypal, but without the transaction fees.