[quote=livinincali]
Bitcoin is no different than me printing up a finite supply of livinincali bucks. Are you going to take livinincali bucks as payment for your goods or services. You’ll likely only do so if many people in your network of goods and services suppliers do so as well. Bitcoin is intrinsically worthless, and will likely go the way of many pyramid schemes eventually. If you got into bit coin back in 2009, 2010 now would be the time to cash in to the new suckers that are going to find these things out as the worthless security certs they are. You’re better off buying bottles of whiskey than bit coins.[/quote]
They are quite different, actually. Instant, essentially free transactions to anyone around the world, that are anonymous but verifiable by anyone. You can’t tell me with a straight face that’s the same as printed currency.
Granted, there is still the issue of acceptance for goods/services, but that has been gradually changing and will likely continue to in the near future.
