Quote from: NotLambchop on September 26, 2014, 08:08:29 PM

Quote from: bustrod on September 26, 2014, 07:22:40 PM

Quote from: NotLambchop on September 26, 2014, 05:44:17 PM

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.

Ok, who is saying who is guilty of overboard generalizations here? I never said I wanted to be my own bank. Nor did I say that you thought nobody would want to be their own bank. My comments weren't even directed exclusively at you. Check that vanity. The point I was making, is that while you and some other individuals enjoy easy access to credit, or might not be interested in being their own bank, there are others without all the same services and conveniences that would find the prospect to do so very liberating and highly beneficial. Making an argument that bitcoin has failed; it has no use; every function is already sufficiently provided for by another service so nobody could possibly want it is a very short sighted, ill-conceived point of view. Before you can feel accused once again, I'm not implying those perspectives are your own, but they are present here and using parts of your comments served to illustrate a point.

Taking a line out of context "to illustrate a point" you knew I wasn't making? Manipulative and dishonest Undecided

*If you do not wish to be your own bank, Bitcoin, as a payment method, is probably not for you. I apologize for assuming you wished to take banking into your own hands, as you feel the great unwashed should.

Speculating about Bitcoin's hypothetical future advantages to the poor and teh undertrodden is fun, but those are just that--speculations ungrounded in fact. We might as well speculate about Bitcoin's hypothetical future usefulness to our Beneficent Lizard Overlords. Thus far, neither the poor nor Our Mighty Lizard Rulers (Long may they reign!) are flocking to Bitcoin.

On top of all that, the poor and undertrodden with smartphones, net access and laptops aren't so poor, and are likely to have better access to conventional money services.

Quote

Quote from: NotLambchop on September 26, 2014, 05:44:17 PM

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.

Did I suggest the inevitable demise of USD...

No, you did not. The intended recipient of the line you quoted did. That's why context is so important. Without it, easy to get confused

Wrong. The trend of cheap tech permeating even into deepest darkest Africa is both obvious and irreversible. Legacy banking will never penetrate into these places. Infrastructure such as roads and phonelines are absent yet mobile dumbphone use is ubiquitous. Soon cheap smartphone use will be near universal globally.

If you cannot see that whichever monetary system which can be transacted via a phone, used to store value via a phone safely backed up in the cloud then you are not looking at the big picture.

Bitcoin has existed for five years but the technology distribution to free the globe by exposure to the internet and the protocols running over it such as bitcoin is only now being realised.

It is an exciting time. Personally I think getting a bitcoin wallet app (with a memorable recoverable seed option) on every new mobile being created around the world is something the bitcoin foundation or wallet designers should be pushing really really hard. Even a Samsung wallet would be great..this will happen for sure in the next five years.