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No, it solves a problem that you don't have. No, none of you are interested in being your own banks. Of course, you would never think of putting more than the FDIC insured amount in your account. But this isn't about any of you. Your living conditions, opportunities, the way you think or behave is very likely NOT shared by every one of the other 7 billion people on the planet. You all seem to suffer from the same projectionist delusion.
Stop the generalizations and this ridiculous either/or argument. Credit Card OR Bitcoin? Bitcoin OR Fiat? ...
My bank account is protected by FDIC. I also don't keep more than the insured amount in my account--that's stupid.
...No, it solves a problem that you don't have. No, none of you are interested in being your own banks. Of course, you would never think of putting more than the FDIC insured amount in your account. But this isn't about any of you. Your living conditions, opportunities, the way you think or behave is very likely NOT shared by every one of the other 7 billion people on the planet. You all seem to suffer from the same projectionist delusion.
Stop the generalizations and this ridiculous either/or argument. Credit Card OR Bitcoin? Bitcoin OR Fiat? ...
Lol, I never said no one would like to be his own bank. You, for one, clearly do. I'd advise against it for now, though. For now, just focus on learning the difference between statements of fact and overbroad generalizations.
I never suggested that CC and BTC are mutually exclusive. I have both
I did say that inca's smartphone e-payment scenarios didn't require BTC at all, and could be implemented today with an ordinary bank account.
I then mentioned that CC is far more useful in realtime transactions, because confirmation delays intrinsic to teh protocol.
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I'd have to explain to most folks what BTC *is* before asking them if they cared
Or what of the immigrant workers sending money overseas to family? That's a $500+ billion market being relegated to an antiquated, monopolized, overpriced and time-protracted industry.
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It's important to keep things in context--another skill you should hone before "becoming your own bank." The quoted line, restored to its proper context, suggests that USD crashing to zero would be a cataclysmic event, while BTC tanking would, at worst, cause srs lulz.
See?
@Robert Paulson: Again, you don't understand how international commerce works. US is not "borrowing" USD from anyone, much less yourself
You don't think the rest of the world is trading with US and not sending collectors after us because we're loved, do you?
Srsly, go back to school or study for a GED
