Quote from: Chuckee on September 25, 2014, 09:44:06 PM

Telling people here that bitcoin has maxed out is like walking into a heaven's gate meeting and telling them that there is no mythical space ship in the sky waiting to beam them to heaven. ......... But the public is now aware of bitcoin and they're not interested. They don't care that it's centralized. People like centralization.

No, telling people that bitcoin has maxed out it's technological potential is like walking around in the '80s and telling people the internet has done all it's ever going to do.

Quote from: exocytosis on September 25, 2014, 10:56:39 PM

Most people don't want to be their own bank. Most people prefer using simple, fast, reliable payment methods, like credit cards. Using such services, people have an insurance against theft and fraud.

Quote from: NotLambchop on September 25, 2014, 10:58:41 PM

My bank account is protected by FDIC. I also don't keep more than the insured amount in my account--that's stupid.

Quote from: Chuckee on September 25, 2014, 11:14:45 PM

To become stable, there must be a huge volume of traders, which will never happen because bitcoin solves a problem that people don't have and will never have.

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? If you don't personally see bitcoin as a benefit to you in your little world, then you're probably fortunate to live in a place where you have many choices of payment options and credit can be found every 300 ft if it's not already waiting for you at your house. Over half of the 7+ billion people on this planet do not yet have access to the internet, but that is changing. About half live out their daily life without ever interacting with a financial institution, due to inaccessibility, corruption, cultural tendency, etc. Forget how many total people that leaves that do not hold credit cards or even have access to credit. Of the well over 3.5 billion people that don't have your privileged financial instruments, can you imagine that there just might be some that would see a tremendous benefit to buying/holding/spending a global currency not debased by their corrupt government within their corroding inflated economies? And you can't argue that bitcoin is mainstream, or that everyone in the world has been given the opportunity to understand, acquire or use it...

Quote from: NotLambchop on September 26, 2014, 01:49:59 PM

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.

Credit card fraud. Identity theft. Consumer data breaches. Sure, credit card companies can continue patching the leaky pipes, but will you allow yourself to be convinced that this time it's different and these will be the patches that stick for good?

There are very valid reasons for credit and there is a place for it in our society. However, debt money is not the wisest choice for every financial transaction conceivable. In fact, credit has created a stigma in generations of people that spending more money than they have is 'ok'.

Quote from: NotLambchop on September 25, 2014, 11:03:46 PM

Oh, and that national debt? We lied--we're never paying it back.

So just keep borrowing?

bustrod

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