Post
Topic
Board Bitcoin Discussion
Re: Something I wish newcomers to Bitcoin would understand...
by
Ruthful
on 28/09/2014, 15:55:10 UTC

  • cheap global transactions
Not exactly true in it current state.It is still kinda costly to obtain bitcoin and convert it to fiat.The volatility doesn't help either.


    • Step towards government spending control to reduce funding for unconstitutional wars and excessive government waste

    It still wouldn't stop "popular" wars,though.

    • Step towards stronger middle class and less poverty

    Doubtful, at best.


    The problem is the general public don't really have much problem with  the current system nor do they care about the purported flaws in the fiat system or bitcoins' supposed advantages.Not to mention that bitcoin isn't exactly non-geek friendly nor does it offers any benefit to the common joe for them to delve more.Granted bitcoin is still pretty much in its infancy and many of this  may be improved in the future as the infrastructure matures( more dummy friendly, actual cost saving etc).[/list]