Quote from: seriouscoin on March 16, 2014, 11:37:19 PM

Let me guess..... Rambling about flaw of bitcoins mining.... lol

Did the salient point just fly over your damn head?

The masses will never adopt Bitcoin because it will require them to keep records on every acquisition and disposal of Bitcoin, because Bitcoin is classified as a commodity by most all governments.

Legal tender fiat does not have this requirement. When you buy goods and services with legal tender, such as a hamburger, you have no obligation to keep a log for tax purposes.

And the other salient point which flew right over your head is that only merchants want the nonrefundable quality of Bitcoin. The consumers want protections such as the ability to dispute a charge, the insurance that their funds can't be stolen, etc..

Thus merchants can't exclusively accept Bitcoin, because the masses are NEVER going to use Bitcoin.

Duh!

Buffet's point is that Bitcoin can't become a unit-of-account where everyone transacts in it, thus no need to convert to and from fiat. And he is correct!

However, there is a way we could make him incorrect, but you all don't want to hear it, so just go on your fucking merry-go-round way... I am done with you morons.

Quote from: seriouscoin on March 16, 2014, 11:37:19 PM

I guess hes working hard to pump his altcoin. Too bad hes ignored by most members on here.

WTF are you hallucinating about? Did I announce any altcoin? No!

Quote from: zimmah on March 17, 2014, 12:44:54 AM

You do realize that money is essentially paper (or coin) that represents the right to buy a product or service. But that all forms of fiat money are controlled by the fed or something similar, which is not part of the government (Altough it is above the law and it's protected by the government and influencing the government, even enslaving the government to a degree) and is only there to make profit for the shareholders by inflating the currency, stealing away value from your fiat, while also increasing national debt by the second?

If you realize that, holding bitcoin doesn't seem all that bad now does it?

The masses don't care about your complaints about central banking! They want debt, insurance, protection, convenience, and free handouts! Only you high tech merchants and gold bugs care.

Quote from: Bit_Happy on March 17, 2014, 06:08:12 AM

Quote from: equinox9 on March 16, 2014, 06:49:07 PM

Bitcoin is essentially a modern moneygram....

Can moneygram quickly send money to people in over 180 countries who normally use only one of over 50 different currencies?

The masses have no need for that feature.

Duh.

You morons either don't have a brain stem or you don't use it.