Bitcoin is the Future, Not NFC, Says PayPal President

[Stratego]

[The Dharma Bum]

Well, whatever. If you don't want to have fun learning about currency trading and make a little money at the same time that's on you.

[Mr.Bill]

I've read quite a few articles lately about bitcom... Unless it stabilizes it has absolutely no future. One article was about some Tesla dealer who sold a car to someone or $100,000 in bitcoms.. Of course the very 1st thing the dealer did was immediately to convert that $100,000 into dollars because he knew by the next day that $100,000 in bitcoms wouldn't be worth that, by the next day it might be worth $50,000...So the reality is the transaction was done in $'s...

Right now 90% of the bitcom buying is for speculation and pump and dump.. It's more like a stock than an actual currency.. Very, very few merchants will do business like that..

[The Dharma Bum]

It's not like a stock at all. It's a currency like any other currency and people trade currencies all of the time so there is nothing unusual about trading it at all. There are people trading the USD all over the world right now. If there weren't we would be in trouble. You are just saying that because you heard there was a sell off the other day, but you seem to be unaware since that point XBT has been at it's previous levels of value and that is old news.

You guys simply don't understand what the utility of this new system means for the financial world. The potential is vast.

[Mr.Bill]

No, I'm pretty sure many here understand it much better than you do.. You're looking at it thru rose colored Libertarian glasses.. In other words your ideology is clouding your vision..

If I have 100 USD in my hands right it will still be worth $100 tomorrow, and $100 next week....Stores know that, merchants know that, everyone knows it... With Bitcom's you can't say that, and that's their big problem. Very few businesses are going to accept such a volatile currency. Once it calms down, IF it calms down, then maybe.. But right now most people are using it just to make money(like a stock), not using as a money/currency.

[The Dharma Bum]

[exploited]

It's just a fancier way of swapping credits. It has as much revolutionary potential as silver dollars.

[Mr.Bill]

[The Dharma Bum]

How the f**k does it have anything at all to do with ideology? It has something to do with you calling something a "money-making scheme" because you have not the slightest understanding of it's potential.

I'm not having this dumb conversation with you.

[The Dharma Bum]