Post
Topic
Board Bitcoin Discussion
Re: We should care less about offline stores/restaurants accepting bitcoin
by
cypherdoc
on 17/09/2011, 15:49:59 UTC
no, i'm trying to eat my lunch without my bank balance dropping in value by way of reserve bank theft (quantitative easing).

the more people use bitcoin offline, and the less people use government money, the better.

That may make sense to you, but the recent trend has been that bitcoin has been losing buying power much faster than most government-issued currencies do.

sure, but it's not the speed of the devaluation that bugs me.

it's the cause.


Tony,

i think the 2 biggest issues facing Bitcoin are scalability and security.  the latter will be greatly improved with the pending 0.4 but the former is what is holding back large investors.  it seems to me Steve knows the coding as well as anyone and you guys need to make this  priority number one.  from the wiki it seems this shouldn't be too difficult but until general consensus agrees, it will be difficult to get widespread adoption of Bitcoin as an offline payment method.  resolution of this will be critical for BitPays success.