Post
Topic
Board Bitcoin Discussion
Re: Something I wish newcomers to Bitcoin would understand...
by
NotAtOld
on 28/09/2014, 18:30:20 UTC
  • Having your account closed without any choice

Has never happened to 99 % of the peopel thus they don't care

  • Unfair or inappropriate fees

My credit card company offers me 4 % chargeback. I don't get this with bitcoin.

  • Unwanted surveillance and tracking from banks (what you do with your money should be only your private business!)

Uhm with bitcoin everybody who I paid with once can now track my entire spending habbits.

  • Comparitively fast and cheap global transactions

Fair enough but at the moment not really meaningful given that the other person more often than not can't do anything with the bitcoin in their country.

  • Healthy, non-inflating currency

Which is completely nullified by its volatility. Why would I give a fuck about 1 - 3 % inflation when bitcoin can lose this value in an hour? Not to mention that inflation is already nullified by the interest on my bank account.

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

Yeah .... most people are a) not libertarian and b) not keen on commiting a felony.

  • Step towards stronger middle class and less poverty

What? The wealth inequality within bitcoin is much worse than anything in real world.

  • Power in your hands, not banks or governments

See points above.

Sorry but you are writting this from a very biased position.