[2014-06-02] Yahoo! News: Meet the people trying to make Bitcoin happen in Washi

tins

hero member

Activity: 882

Merit: 500

Quote from: barney_stinson on June 02, 2014, 12:00:54 PM

Bitcoin has very little practical use for the average person. Since it is now impossible for an average person to "mine" any Bitcoins, the only people promoting it are the ones who have invested millions dollars of real money in the computers needed to "mine" it. What do you think about this?

Kinda ignorant.
Bitcoin's greatest application (IMHO) is as a payment processing system. Imagine all the money an ebay seller can save by not having to give away 3% of their item (and shipping cost) to Paypal fees.
Paypal, Western Union, and credit card company, etc that charge 3%-30% to help you make a payment or accept a payment are shaking in their boots over Bitcoin. Unlimited transactions for a fraction of a fraction of those fees.

Levis

newbie

Activity: 53

Merit: 0

Just scrap idea. No country or anything to back it.
IMO, it is just another way to scam people.

barney_stinson

newbie

Activity: 85

Merit: 0

Bitcoin has very little practical use for the average person. Since it is now impossible for an average person to "mine" any Bitcoins, the only people promoting it are the ones who have invested millions dollars of real money in the computers needed to "mine" it. What do you think about this?

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Quote from: FeedbackLoop on June 02, 2014, 09:51:58 AM

"Commenter 8 minutes ago 0 0
In my opinion , anyone who supports this Bitcoin / Bitcon , should be tried for treason or moved from the US, and any business using this rant as a platform should be ban from doing business in the US. "

Cheesy

...

LOL, that is awesome! What would cause someone to hate something so much? Something they clearly have no clue about. Poor guy. Must have a hard life with that attitude.

tins

hero member

Activity: 882

Merit: 500

Woe, y'all work fast. I just logged into Yahoo to check my email and saw this story. Thought I'd come on here and post it and was beat by a few hours.
Great job!
I love seeing more and more main stream organizations with features on Bitcoin!!

Junko

legendary

Activity: 1512

Merit: 1000

Yeah, there are quite a few gems in the comments section. It's like deja vu to three years ago.

FeedbackLoop

hero member

Activity: 742

Merit: 500

"Commenter 8 minutes ago 0 0
In my opinion , anyone who supports this Bitcoin / Bitcon , should be tried for treason or moved from the US, and any business using this rant as a platform should be ban from doing business in the US. "

Cheesy

I'm not sure the Bitcoin economy wants the ignorant-superstitious-fearful-violent-sucking-up-to-power-mainstream on board.

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

at least there are 250 comments and people talk about it. Wink

the mainstream has to be educated through the mass media and i saw alot of (good) change there.

Jerfer

full member

Activity: 121

Merit: 100

Oh my Gawd, the comments. I've commented a few times to try to help explain a little bit about how Bitcoin works, but I can't do it alone. People like "kevin" who attempted to explain without using basic grammar probably hurt his cause more than it helped.

I've never seen so many people against Bitcoin in a comment section before.

Junko

legendary

Activity: 1512

Merit: 1000

*Edit: ~~Date in title should read [2014-06-02] (not 20) I made a typo. My Lysdexia acting up again, sorry.~~ -fixed (Thanks, odolvlobo)

Meet the people trying to make Bitcoin happen in Washington

http://news.yahoo.com/bitcoin-lobbyists-212631321.html

Quote

Instead of calling for bans, lawmakers have increasingly shown an interest in learning how best to regulate the market. Even Schumer, once a vocal advocate for using the force of the federal government to rid the nation of Bitcoin, appeared less aggressive during hearings last year.

Quote

“Listen,” Spanos added, “when the wheel was invented, did they know that there was gonna be a wheelbarrow? Or a bicycle? Or a train? Or a car? Did they know any of that? ... No, they just started laughing when it went rolling down the hill. ... We’re just trading the rewards on the protocol right now. Nobody knows what’s going to happen.”

Comments section is priceless.

Topic: [2014-06-02] Yahoo! News: Meet the people trying to make Bitcoin happen in Washi (Read 629 times)