Quote from: 322i0n on October 14, 2011, 04:38:55 PM

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First most people do not and will just never understand Bitcoin at all. All they know is that some people keep telling them it is a crypto-currency, and that it's secure, and that it's p2p, etc., but these assertions are near meaningless to most people, as are the technical details of how it works.

this is precisely why it doesnt matter whether you call bitcoin money or not. most people dont understand monetary policy or the mechanics of money and they still use it because it is functional. whether people understand it or not bitcoin allows people to engage in finacnial exchanges across international boundaries without interference from government or corporate entities. you cannot do that by any other means at present.

Did you bother to read down my post just a little bit further?

Quote from: log0s

People don't understand all of the technical details of how paypal does what it does, but they do understand how it can help them send and receive already established government fiat currency easily online...Paypal's service is a directly serviceable good. People are told that when using Bitcoin you can easily send and receive bitcoins...but this is practically meaningless to almost everyone.