Topic: It's all about "why" do I need Bitcoins - page 2. (Read 4467 times)

Where do you bank?  It costs me exactly 0 dollars & 00 pennies to use my bank's ATM.  There are thousands of them.  If you have to pay your bank to take out your money, *you're doing it wrong.*


When my phone battery is dead, when my phone is not on me, or when i want to spend my money any place other than 0 establishments accepting Bitcoin, here's what i do.  Ready?  Let's say i drove to a city with Bitcoin businesses:
I have a credit card and a debit card in my wallet, allowing me to spend my money in x1,000,000 more places than Bitcoin.  If i wish to shop in a place that takes Bitcoin?  No problem!  They take cash too.  Oh, forgot.  I also have some folding money & some change, so if i need to tip someone -- no problem, they *know* dollars. Road toll?  No problem.  Parking meter?  Done!  See how much fun i have with fiat?  I can even gas up my car!  Can you do that with Bitcoin?  Not yet -- stay home & wait for a better tomorrow


See above ^^^.  Please remember to thank me for teaching you how to use monyz, i'm saving you a bundle. (Protip:  Look for the ATMs with your bank's logo on them )


Right-o.  "It's all very scientific & complicated, don't worry your purty li'l head about it, we'll take care of it later"  Please.  


I'm just saying you're wrong, and backing it up with examples.  If asking "can i pay in bitcoins?" gave me something other than blank stares or GTFO! in 99.99% of IRL, you might have a point.  'Till that happy day...


Let's stop pretending it already happened!  IRL people think we're either conning them, or we're a bit touched.  Let's acknowledge reality, and try to change it -- cheerleeding on this forum is pointless -- if you're here, you know & use BTC.

Would it be more effective to market Bitcoins to estate planners or to rich old people directly?

Being able to move across state lines with nothing but a code in your head.  Its difficult to cross into a new country with 100 oz of gold, but easy with 1000 btc.

 Those that are facing a 50% tax on estate taxes on their death. Wouldnt it be nice to give your children btc instead of stocks, cash, or land?  evasion if not reported, but not the dead guy's problem.

I claim that Bitcoin is a better choice than fiat because you don't have to deal with the expense and hassle of withdrawing cash from your account before you can spend it.  With Bitcoin, your money is always right there in your pocket, accessible from your smartphone.  No need to go to an ATM or bank to make a withdrawal first.  Sure, you can pretend ATM's don't exist, but you still have to make a withdrawal to get the fiat into your pocket (unless you have an employer that pays you in physical fiat, vice the digital fiat).  Confirmation time and blockchain bloat are technical issues that will be addressed in time.  I'm not saying Bitcoin is perfect, just that it's more perfect than fiat.  These are just minor inconveniences compared to the enormous disadvantages of fiat.  As businesses become aware of Bitcoin's advantages, more and more of them will start accepting Bitcoin.  The transition doesn't happen overnight.

I think the lesson here is to always invest of tech that you dont don't think has potential.

  Lawdy!  You claim that Bitcoin is better because it doesn't have ATM fees.  I counter "that's because it doesn't have ATMs, silly!  If you don't like ATMs, don't use them -- pretend they don't exist. Fiat doesn't need ATMs to function, get it?"  I could point out that Bitcoin requires web access & a gadget to work, while all i need for fiat is a pocket without holes.  I can point out confirmation time, blockchain bloat, that no one accepts bitcoin, that *you can't buy a gallon of milk or a gallon of gas anywhere in the world* with bitcoin, but i let you slide -- i'm a nice guy

Of course all forms of payment are optional.  Money itself is optional.  You could live in a cave and eat wild berries and insects if you wanted to avoid using money altogether.

Bitcoin is just a better option than fiat.  It seems you are struggling to grasp this.

Bitcoin has all of the advantages that the costly fiat options have without the added expense.

You're joking, right?  All of the things listed above are *optional* for using fiat -- you don't have to use them if you don't want them.  If i started a Bitcoin service which, once you have registered for it, costs you 6 BTC a month & offers you *nothing*, will one of fiat's advantages be "you don't have to pay Crumbs every month"?

Yes, stop writing or accepting checks and start spending/accepting bitcoins and you no longer have to deal with bounced checks or waiting days to see if they clear.  


Yes, another bitcoin advantage that the OP can add to his list.


Credit is just a loan.  BTC loans exist.  We would still have credit.


Yes, stop using and accepting credit cards and start using bitcoins for your online transactions and you no longer have to deal with credit card fraud/identity theft.

You pay for a cup of coffee with plastic?  Do you add the tip on the card, too?

Obviously. 
I was comparing bitcoin to credit cards.  From the merchant perspective, and from the consumer perspective. 
I wasn't forgetting that cash exists.
You'll never guess how you could have figured that out on your own. 
Give up? 
Ok, but don't tell anyone else ... this is seeecrit, just for spies like us: 
Its called "context".

-Burger

You'll never guess how i buy my coffee without NSA knowing about it!  Give up?  Ok, but don't tell anyone else -- this is seeecrit, just for spies like us:  I reach into my front pocket, and pull out some cash.  I leave a tip that the waitress can spend.

First, a little story:

When the PC first came out, it was advertised as something a person could use to balance their checkbook and to store recipes on. I thought, "why would anyone buy a $2000 computer to balance their checkbook and store recipes?" I was convinced that the PC would fail as a consumer product. Obviously, I was wrong.

Many years later, I thought "you can use the internet to do online stock trading, and send email, and look up stuff, but the internet is not going to be useful to the average person." Again, I was horribly wrong.

The lesson here is that the fact that you can't see the value in something doesn't mean that there is no value. Please learn from my mistakes.

I own an online store.

I am anally raped by Visa and Mastercard every month to the tune of $4,000 just for transaction fees.

Bitcoin would save my business nearly $50,000 a year, and I am a very small mom & pop sized shop.

Large businesses like Amazon.com would easily save hundreds of millions in fees.

I believe that it is merchants who will ultimately power the propogation of bitcoin to the masses.

You are correct.   Human beings are lazy, and in general, not very smart.  But they do like "fun stuff".  

And they like privacy.  Even if they're not breaking the law.

Being able to pay for something with their cell phone, even if its just a cup of coffee, without the NSA knowing about it, will be a big sell for many...
http://www.paloaltoonline.com/news/show_story.php?id=30346

Don't forget, customers also pay transaction fees, interest, late payment fees, and if they miss a payment?  Their credit is screwed for 7 years.  Think of all the ways that their credit card companies anally rape them, too...

-Burger-

i dont think its over valued.

put it this way. even though theres 7 billion people in the world. lets bring those numbers down to something more along the lines of minimal users right now.

lets say there are 1 million users.

we know theres many people (winkle twins) that invested millions into it. but lets keep things simple. lets say that every one of those 1 million people on average just invest 1 months wage... yep thats right, not their whole life savings. just one month wage..

1million x £$1000 = £$1billion

so even with this small amount of userbase and the small amount of average investment.. i think the valuation is not over valued at all..

if you did not mean financial value but feature and usability value. i can name you many gimmicks/items that only have one function that people value more then their pets, children and relationships.

It is not that I think it is worthless, just over valued the technology is what I am interested in not bitcoin itself... people here think it is about bitcoin it is not. It is about the technology, shaw 256 hashing. I dont care about bitcoin. I care about P2P currency of any type. I want individuals to have the money power not institutions.

- no more bounced checks
- no more ATM withdrawal fees
- no more credit card fraud/identity theft

For the average person:

- It's easier and faster to pay someone on the other side of the globe than a bank wire transfer. So if you need to pay someone and you can't wait days till he has it, you need Bitcoin
- No chargebacks possible like with Paypal, so if you need to get paid and want to be completely sure the payment can never be reversed, by anybody, you need Bitcoin
- If you don't convert to fiat, no tax got to be paid on the money you earn. So if you would prefer not to give 60% of your wage away, you need Bitcoin.
- No inflation, I constantly hear people about how expensive everything has become. If you want a currency with no inflation, you need Bitcoin.
- Everybody knows, you can wake up one day and suddenly you don't have access to your own money anymore! So if you need to be sure to have always access to some digital money, you need Bitcoin.
- Most people here hate banks, billions of tax money have been pumped in the banks to safe them. Tens of billions is a lot for a country that has 11 million residents. If you don't want to use banks, you need Bitcoin.

20 years ago, if you would ask the average person if he needed a cellphone, he would probably say "no". Ask the same question now and you will get a "yes". It's not because they don't know they need it, that they don't need it. Just make clear to them, they really need it.  

i guess you ignored the 20k+ LEGITIMATE businesses that have found bitcoins cheaper then accepting credit cards

i guess you ignored the many more legitimate bitmit independant traders selling t-shirts, GPU's finding bitcoins irreversibilty a benefit, compared to ebay chargeback scams when listing items

i guess you ignored the fact that i went on vacation and found getting foreign currency from a localbitcoin trader, easier and faster then transfering FIAT to a travel currency exchange shop.

what i do find strange is.. i find ants and bugs useless to my life.. yet i do not sign up to a insect forum posting hundreds of posts saying how useless they are........ but you are here???

if its so useless to your life, why make it part of your life to become emotional about it enough to write these messages?