edit: speaking of Popescu....
Quote
I don't think it's either practical nor feasible nor even desirable to use Bitcoin in the day to day dabble of pizzas, phone credits, hairspray and sneakers. People try to, because of the misguided belief that Bitcoin value is somehow related to or deriving from its crossection in the retail market. This happens to be completely untrue : you can't buy any pizza with SDRs, and yet that doesn't somehow make SDRs worthless. The belief itself may be a case of "everything appears a nail to the man holding a hammer", in the sense that people who have never interracted with any other aspect of economy besides the supermarket counter may genuinely imagine that's what economy is. Still, that makes no difference.
Peer to Peer Electronic Cash System
vs
Peer to Peer Electronic Wealth Storage System
I think we've distilled it down. I also think it can be both, but the former facilitates the latter.
I'm not even sure if you're trolling or actually stupid... maybe just shortsighted.
There's a time for everything. While Bitcoin is doing the thing called price discovery any attempt to compare it to cash in terms of velocity and ease of exchange is positively retarded and shows an absolute lack of economic aptitude.
"buttt bbbbbuttt buttt Satoshi told me I could send it all over the world NOW"
Oh well.. if spending bitcoins makes you "warm and fuzzy" inside go right ahead...
