Quote from: jmw74 on April 02, 2014, 03:14:22 AM

Quote from: AnonyMint on April 01, 2014, 10:45:03 PM

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Bitpay and coinbase are on the edges of the bitcoin economy. What's important to note is that they continually push the edges outward.

Just as merchants were motivated to accept bitcoin through bitpay (because it's virtually no risk), the same will happen with those merchants' suppliers. And once that happens, the merchants don't need to completely convert to fiat anymore. Eventually the merchant can keep their income in bitcoin, and it's the suppliers who use bitpay.

What's going to stop the edges from moving outward?

Talk about fantastical dreaming. I thought I was really far out there with wanting an anonymous coin.

So in order to stop rape, first we need to rape until everyone is raped, then we can suddenly stop raping because everyone has a rape kit.

You won't get to even 1% coverage before the entire ecosystem has been co-opted by centralization and fiat regulation. Dance with the vampires only if you want to be bitten and converted.

I guess the love of greed can make one think up any kind of irrational excuse to continue in that greed.

I have absolutely no idea what you're talking about here. How does stopping rape relate to the adoption of bitcoin?

You really can't wrap your mind around the analogy?

"So in order to stop ~~rape~~fiat-takeover-of-Bitcoin, first we need to ~~rape~~fiat-takeover-of-Bitcoin until everyone ~~is raped~~has-fiat-takeover-of-Bitcoin, then we can suddenly stop ~~raping~~fiat-takeover-of-Bitcoin because everyone has a ~~rape kit~~pretends-to-accept-BTC-but-really-accepts-fiat."

Quote from: jmw74 on April 02, 2014, 03:14:22 AM

The only possible government attack I see on bitcoin that can succeed is the 51% mining attack. All your other concerns I think are overblown, you give governments too much credit.

How can I say in a nice way that I think you are incredibly naive.

Quote from: jmw74 on April 02, 2014, 03:14:22 AM

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Quote from: jmw74 on April 01, 2014, 06:18:11 PM

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What fool would lose 3-5% spread (at least) on two times exchanges instead of paying 0% to spend the fiat with a credit card?

And cause a premature capital gains event.

If you lose money on the two exchanges, how do you have capital gains?

Do most people in Bitcoin have only 3 - 5% gains.

Nope, they gain much more. So your criticism about losing a few percent on fees is ridiculous.

How did wasting money become ridiculous?

And for what benefit did it serve? To promote the fiat use of Bitcoin which will enslave all of us.