Post
Topic
Board Bitcoin Discussion
Re: What advantage does a consumer have for using bitcoin vs fiat?
by
twiifm
on 11/04/2014, 01:23:17 UTC
I can't think of much really. I suppose you can use it when you want to buy illegal goods online?

Travelling internationally doesn't really matter much to me. When I go to other countries, I can pay easily with my debit card. When I shop online, I use paypal.

I think Bitcoin's selling point is the fact that it's decentralized and "anonymous." Though when it comes down to it, how many people actually care about those features? At this point, I think more people are in it for the speculation and making quick profits rather than belief in the protocol.

I agree.  I think 99% of people who hold BTCs are speculators.  They just try to convince themselves that its not gonna be worthless someday by repeating the propaganda ad nauseum

I crypto has a place in the future of financial transactions b/c theres a way to send cash digitally.  The banks like this cause they don't need to clear the transactions.  However banking is not going away just because of this.  And probably no bank wants to integrate BTC into their infrastructure.  Most likely it'll be Ripple or something that's more business friendly w/o all the politics and bad press