[quote=afx114][quote=temeculaguy]Or maybe it’s just some guys who went to harvard and think that they are smarter than you and will get you to give them your money.[/quote]
Or maybe one could take the initiative to do some research and read up on the technology and how it works so that we can have an actual discussion on the pros/cons rather than a series of lazy dismissive comments?
A virtual currency is inevitable. It may be Bitcoin, or it may be some other technology. But the underlying fact is that our current systems are obsolete in today’s insta-economy. In 10 years we will laugh at having to wait 7 days for a wire transfer. By then we’ll feel about today’s banking the same way we now feel about sending a hand-written letter via the post office.[/quote]
I did my research, I watched the facebook movie. Twice!
The lazy and dismissive comments were intentional, I’m dismissing bitcoin as nothing more than a fad with only money launderers as true customers. I can transfer money in seconds, online or in person, what does bitcoin do for me that doesn’t already exist with traditional currency. How does it offer international asset storage that gold doesn’t already offer? I am not a rare niche consumer, I’m mainstream and I have no need for it, nor do most people. It is more likely to not exist in ten years than to replace government currency. You buy it, I won’t and we will just have to wait and see how it turns out.
