This is quite an old video, but it states the main problems to which Bitcoin is a solution: https://www.youtube.com/watch?v=n2TIMhCTPfg&feature=youtu.be
What I personally view as a really big problem is payment card fraud. Bitcoin helps eliminate this, which should be an important point for merchants.
Topic: bitcoin is a solution without a problem? - page 2. (Read 2956 times)
I wanted to order something from Newegg. It was not accepting my credit card due to some vague reason "credit card billing address must be in USA".. WTF??? It was not letting me use my credit card and the other "fiat" options.
Then I noticed that Bitcoin is a payment method..... I made the purchase via that and Bam! no "US billing address" requirement.
On a side note the invoice said "in case of cancellations, it will be returned to your bitcoin" (
)
(and that's misleading. They don't refund in bitcoin but give you store credit. but that's another topic)
Just pointing out that its not entirely a solution without a problem.
Then I noticed that Bitcoin is a payment method..... I made the purchase via that and Bam! no "US billing address" requirement.
On a side note the invoice said "in case of cancellations, it will be returned to your bitcoin" (
)(and that's misleading. They don't refund in bitcoin but give you store credit. but that's another topic)
Just pointing out that its not entirely a solution without a problem.
Personally, I think it's just a matter of education for the most part, plus us developers making tools / services that make it easier and more available to the masses. Year after year, taxes go up, inflation takes a bite, and wages stay stagnant. People are getting squeezed more and more, and it's unsustainable. At some point, you're going to begin seeing the balance tip, and people looking for ways to save money.
When this happens, the demand to get paid in bitcoin will increase, because as merchant adoption spreads, people will begin realizing 30%+ of their income can be tax free.
With competition like Paypal, Bitcoin has a very bright future.
Yes. Bitcoin can also be part of the currencies used by Paypal.
99% of the time that's what I hear from 'average' people:
"Why should I use Bitcoin when I have a credit card and Paypal? Bitcoin is a solution without a problem ... "
I think Bitcoin will catch fire first in the developing countries, especially Africa, where people have few access to banking services and where remittances from family members living outside Africa are so critical. Neither Western Union nor wire transfer is the best service for family members in 1st world countries to send money to third world countries ...
"Why should I use Bitcoin when I have a credit card and Paypal? Bitcoin is a solution without a problem ... "
I think Bitcoin will catch fire first in the developing countries, especially Africa, where people have few access to banking services and where remittances from family members living outside Africa are so critical. Neither Western Union nor wire transfer is the best service for family members in 1st world countries to send money to third world countries ...
I never saw it that way, it sure is a great way and has alot less fee
99% of the time that's what I hear from 'average' people:
"Why should I use Bitcoin when I have a credit card and Paypal? Bitcoin is a solution without a problem ... "
"Why should I use Bitcoin when I have a credit card and Paypal? Bitcoin is a solution without a problem ... "
Ask them:
Without a problem, you say?
There is a problem.
Only governments have the control of all economics.
Only banks hold your money.
Only governments have the control of all economics.
Only banks hold your money.
99% of the time that's what I hear from 'average' people:
"Why should I use Bitcoin when I have a credit card and Paypal? Bitcoin is a solution without a problem ... "
"Why should I use Bitcoin when I have a credit card and Paypal? Bitcoin is a solution without a problem ... "
I'm an asian and so many problem with credit card, paypal(my account 5 times got limit
), western union(expensive) so bitcoin is solution for my problem.~iki
99% of the time that's what I hear from 'average' people:
"Why should I use Bitcoin when I have a credit card and Paypal? Bitcoin is a solution without a problem ... "
Where do you hear that 99% of the time ? Your place? "Why should I use Bitcoin when I have a credit card and Paypal? Bitcoin is a solution without a problem ... "
99% of the time that's what I hear from 'average' people:
"Why should I use Bitcoin when I have a credit card and Paypal?
"Why should I use Bitcoin when I have a credit card and Paypal?
"Why should I use PayPal when I have a credit card?
Well acctually "Bitcoin is a solution to problems that only a small amount of people care to see"
There are loads of people, who do not care or know how much fee's they pay on PayPal / Credit card and bank accounts.... they just pay and continue to run in the little hamster wheel.
Most of them, have never use remittance services, to know how much it would cost them to send fiat to another country.
A small percentage of them have been the victim of credit card fraud or card skimming... or had their accounts being emptied by a hacker with a trojan.
These are the kind of people, that would appreciate the solutions Bitcoins brings to the table... I would know, because I was one of them.
There are loads of people, who do not care or know how much fee's they pay on PayPal / Credit card and bank accounts.... they just pay and continue to run in the little hamster wheel.
Most of them, have never use remittance services, to know how much it would cost them to send fiat to another country.
A small percentage of them have been the victim of credit card fraud or card skimming... or had their accounts being emptied by a hacker with a trojan.
These are the kind of people, that would appreciate the solutions Bitcoins brings to the table... I would know, because I was one of them.
Well the average obviously don't see the problem. They are even fine with NSA.
Unfortunately people have become like that.
Unfortunately people have become like that.
I think the good side certainly outweighes all the negative aspect. Yeah you can say it introduces problems of its own but look at the advantages it bring overall. I think the best part is on the low cost money remittance which not only fast but is able to transfer almost to anywhere. And you don't have accounting freezing problem like paypal
Credit cards where never meant for the internet. You need a push system, not a pull system. Like bitcoin.
99% of the time that's what I hear from 'average' people:
"Why should I use Bitcoin when I have a credit card and Paypal? Bitcoin is a solution without a problem ... "
"Why should I use Bitcoin when I have a credit card and Paypal? Bitcoin is a solution without a problem ... "
Thousands have experienced problems with Paypal and credit cards! There are problems.
With competition like Paypal, Bitcoin has a very bright future.
It honestly boggles my mind that they have grown to where they are now.
Bitcoin has a ton of applications. It doesn't necessarily have to solve a problem. Just make life easier.
How does it boggle the mind? Yes, they have high fees but they run a top notch service excluding some questionable account freezing.
Bitcoin is the solution to fiat, the solution to the problem of trust regarding money in a capitalist system. You can't trust anyone in a capitalist system, so bitcoin removes trust from the equation with mathematics.
One of the best virtues of using observable public math to solve the trust problem is that the old solution, the nation state's solution, is constant systematic theft, and violence whenever deemed necessary.
Bitcoin carries within it the seed of a much more transparent and less violent world, a world which we may be fortunate enough to see manifest before our eyes in the very near future.
One of the best virtues of using observable public math to solve the trust problem is that the old solution, the nation state's solution, is constant systematic theft, and violence whenever deemed necessary.
Bitcoin carries within it the seed of a much more transparent and less violent world, a world which we may be fortunate enough to see manifest before our eyes in the very near future.
99% of the time that's what I hear from 'average' people:
"Why should I use Bitcoin when I have a credit card and Paypal?
"Why should I use Bitcoin when I have a credit card and Paypal?
"Why should I use PayPal when I have a credit card?
99% of the time that's what I hear from 'average' people:
"Why should I use Bitcoin when I have a credit card and Paypal? Bitcoin is a solution without a problem ... "
"Why should I use Bitcoin when I have a credit card and Paypal? Bitcoin is a solution without a problem ... "
Thousands have experienced problems with Paypal and credit cards! There are problems.
With competition like Paypal, Bitcoin has a very bright future.
It honestly boggles my mind that they have grown to where they are now.
Bitcoin has a ton of applications. It doesn't necessarily have to solve a problem. Just make life easier.
There's a surprising number of people in first world countries who can't get or don't have a bank account. That cuts them off from a huge amount of possibilities.
Bitcoin is the separation of Money and State and the end of the fractional reserve banking system.
It does also underlie the greatest mechanism for digital assets ownership that humanity as ever seen.
Bitcoin doesn't allow for manipulative monetary policies that aim at perpetuating the State at the cost of productive people, with inflation.
Bitcoin, or something very similar, will be the money used by machines in the second age of them.
That is why bitcoin is poised to change the world.
It does also underlie the greatest mechanism for digital assets ownership that humanity as ever seen.
Bitcoin doesn't allow for manipulative monetary policies that aim at perpetuating the State at the cost of productive people, with inflation.
Bitcoin, or something very similar, will be the money used by machines in the second age of them.
That is why bitcoin is poised to change the world.
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