Topic: This is how you get people to accept bitcoins (Read 317 times)
I was expecting something like this https://www.youtube.com/watch?v=CzEpTskJG2o so I was a bit disappointed.
I just realized someone posted this video before: https://bitcointalksearch.org/topic/youtube-prank-video-can-i-pay-you-in-bitcoins-433602
sorry about that!
Damn this thread just got serious...
but nice list
sorry about that!
Explain to them that Bitcoin has several advantages:
- It permits direct transfers of funds from one person to another, with no middleman (bank). This eliminates the need to trust this third party, and eliminates the fees that they charge.
- It cannot be forged/counterfeited! This is not true of any fiat currency, or even gold.
- It cannot be inflated at the whim of any government or bank. Inflation occurs when the quantity of a currency is increased, either by simply printing more (or doing the equivalent electronically), or through a process called fractional reserve banking. Find out more about this here.
- Transactions cannot be reversed -- they are final. Once a merchant receives bitcoin funds, they cannot be taken back without his permission.
- It has the essential qualities that a currency must possess, some to an extent never before seen. It is divisible to any extent, it is completely fungible (every bitcoin in indistinguishable from every other in value), it is portable as no non-cryptocurrency is, since it can be sent anywhere as easily as an email or text message (imagine the problems sending $10 million in gold to Zimbabwe).
- It obviates many of the needs for banks, since you can safely keep your money yourself (once you follow some important security guidelines).
- It does not require identification of agents in a transaction, thus eliminating the major cause of identity theft.
Damn this thread just got serious...
but nice list
Explain to them that Bitcoin has several advantages:
- It permits direct transfers of funds from one person to another, with no middleman (bank). This eliminates the need to trust this third party, and eliminates the fees that they charge.
- It cannot be forged/counterfeited! This is not true of any fiat currency, or even gold.
- It cannot be inflated at the whim of any government or bank. Inflation occurs when the quantity of a currency is increased, either by simply printing more (or doing the equivalent electronically), or through a process called fractional reserve banking. Find out more about this here.
- Transactions cannot be reversed -- they are final. Once a merchant receives bitcoin funds, they cannot be taken back without his permission.
- It has the essential qualities that a currency must possess, some to an extent never before seen. It is divisible to any extent, it is completely fungible (every bitcoin in indistinguishable from every other in value), it is portable as no non-cryptocurrency is, since it can be sent anywhere as easily as an email or text message (imagine the problems sending $10 million in gold to Zimbabwe).
- It obviates many of the needs for banks, since you can safely keep your money yourself (once you follow some important security guidelines).
- It does not require identification of agents in a transaction, thus eliminating the major cause of identity theft.
haha man.. you can't just go on road and ask people to " Can I pay you in bitcoin , Its a new currency " no one gonna believe it unless they know about it..!
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