Post
Topic
Board Trading Discussion
Re: If BitInstant is down, what is the best way to get Bitcoin in USA?
by
Nova!
on 03/02/2014, 15:58:02 UTC
To answer the OP, the best way to get it is to start a local club and evangelize the currency.
Linux had a similar problem in adoption when it first started and the answer were LUGs (Linux User Groups).

Start with localbitcoins.com and do some face to face trades. Get to know the people you're trading with, meet up for pizza and presentations.
Maybe we should have a term for that (BUGs) Bitcoin User Groups.  (*disclaimer, this might exist already an I just haven't seen it*)

Bitcoin currently has two problems it needs to over come before it can become a true currency (as in medium of exchange, not a speculative investment).
Those are, exchanging fiat into bitcoin and exchanging bitcoin into fiat.

The more people who accept and utilize it as an actual currency the less need there is for these 2 services and these problems eventually all but go away.
In the end we will probably end up with a couple of major exchanges than exchange into fiat and those are only used so people can pay government bills like taxes.

I would not be surprised to see governments move to adopt cryptos in the future.  However they will never give up central control of the money supply, so while they might be cryptographically secure and use the same algorithms, they will still be central issue.  Nevertheless once that step is taken, BTC and all it's babies will finally be able to be used as a full on real currency.