Why use bitcoins when my dollars are working just fine for me? - page 3.

Bitcoin For Dummies

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Quote from: giveBTCpls on July 08, 2014, 11:42:49 AM

Quote from: CryptoPanda on July 08, 2014, 08:18:44 AM

- deflation vs inflationary dollar
- freedom to spend them anywhere, you can even donate to wikileaks if you choose so
- your smartphone can be your bank
- you can bet in provably fair casinos

So you lose your phone = lose your bank

seems convenient

Im from spain and try to tell me or people here what the fuck bitcoin has solved. Sure it's cool technology and all, but if there are no jobs then what the fuck. Also, people is still people (greedy) so it's not like anyone has ever donated me a single satoshi in my shitty situation. It solves shit nothing for the common poor folk. Now if I was rich, yeah I would benefit from it by moving money around the globe and so on, but yeah, you get my point.

If you don't have back-up, yes, duh. Well if you are so smart that you keep your fortune just on your smartphone and you don't have back-up...you are kinda asking for it right?

About your other point, tell me who donated you an euro in your shitty situation? Is it the medium of exchange fault or the flaw is within people in general?

I mean both your arguments are kinda absurd.

Brewins

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May works fine until you you get your credit card cloned, your bank screw with your account and you need some years in the justice to have your money back, and until you calculate how much you spend with all the hidden credit card and bank fees.

If its not enough, try to transfear money abroad, or hire services abroad. Both wire and paypal are expensive, with lots of taxes, and can be charged back.

Nice video and good points

Argwai96

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Thug for life!

I find bitcoins much more convenient for online purchases, to be sure. And I absolutely hate giving out my personal information. Wink

hollowframe

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Quote from: CryptoPanda on July 08, 2014, 08:18:44 AM

- deflation vs inflationary dollar
- freedom to spend them anywhere, you can even donate to wikileaks if you choose so
- your smartphone can be your bank
- you can bet in provably fair casinos

It is fungible. Wink

galbros

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Activity: 1022

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This is going to be a tough video to make convincing. I love bitcoin but I spend far more dollars than bitcoins. To me the huge advantage is that bitcoins are perfect for micro payments. It is expensive to send a few dollars to someone else but bitcoin makes that easy.

I realize that is not much of a selling point, but that is how almost all of my bitcoin has been spent.

Good Luck!

giveBTCpls

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Yes I did read the first post.

No, Bitcoin doesn't solve the fact more and more unemployment will happen due automatization of jobs.

giveBTCpls

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Quote from: CryptoPanda on July 08, 2014, 08:18:44 AM

- deflation vs inflationary dollar
- freedom to spend them anywhere, you can even donate to wikileaks if you choose so
- your smartphone can be your bank
- you can bet in provably fair casinos

So you lose your phone = lose your bank

seems convenient

Im from spain and try to tell me or people here what the fuck bitcoin has solved. Sure it's cool technology and all, but if there are no jobs then what the fuck. Also, people is still people (greedy) so it's not like anyone has ever donated me a single satoshi in my shitty situation. It solves shit nothing for the common poor folk. Now if I was rich, yeah I would benefit from it by moving money around the globe and so on, but yeah, you get my point.

Skele

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VocalPlatform.com

Maybe it's hard to use them for buying/selling things right now, Bitcoin is barely known by the world, just give it time, i can assure you Bitcoin has more advantages than dollars...

CryptoPanda

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- deflation vs inflationary dollar
- freedom to spend them anywhere, you can even donate to wikileaks if you choose so
- your smartphone can be your bank
- you can bet in provably fair casinos

Bit_Happy

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A Great Time to Start Something!

Quote from: DannyHamilton on July 07, 2014, 10:05:15 AM

Perhaps an equally important question is:
"Why use dollars when my bitcoins are working just fine for me?"

Regardless, here are some reasons a merchant might prefer to accept bitcoins:

Lower transaction costs
No chargebacks
Reduces fraud
Increased anonymity for their customers
No need to inform a customer that their card has been denied
Deflationary nature increases likelihood that a sale in the present will be worth more to them in the future
Protects their customer from dishonest employees that might try to steal credit card info
Protects the company against dishonest employees that might try to steal cash from the cash register

And here are some reasons why a customer might prefer to pay with bitcoins:

Lower transaction costs
Reduces fraud
Reduces risk of identity theft and theft of credit card info
Funds protected against being frozen or seized
Deflationary nature increases likelihood that bitcoins acquired in the past will provide greater value in the present
Inconvenient and expensive to convert your bitcoin investment into dollars in order to spend any of it. Far more convenient to simply spend it directly (try that with your stock investment)

Deflationary nature increases likelihood that bitcoins acquired in the past will provide greater value in the present combined with the fiat debt at insane levels all over the world.
In other words, Bitcoin has very weak competition.

Nerazzura

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Quote from: Bitcoin For Dummies on July 07, 2014, 09:08:44 AM

This would be the topic of our next video from our educational series. We want to give the people plenty of good reasons why bitcoin is better and in which scenarios.
Naturally we want to crowd source the ideas as we will never be able to figure out all the angles that a community could.

So, please post below your reason to use bitcoins instead of dollars or credit card. Some of those will be used in the video.

If you are not familiar with our work, here is what we have produced so far:

The first one "Finally a simple answer of what is Bitcoin!" - https://www.youtube.com/watch?v=cWYVktImeTk
The second "Is Bitcoin a Ponzi?" - https://www.youtube.com/watch?v=kImBgWDgIlA
The 3rd "Does Bitcoin have an intrinsic value?" - https://www.youtube.com/watch?v=2R3Zg1KL_KE
the 4th "Why bitcoin transactions are so slow and why there is a huge risk of double spending?" - https://www.youtube.com/watch?v=HrvinzeAymg[/b]

If you like what we are doing you can support it by sharing the videos.
If you want your company featured in the next one, you can bid for that right now: https://bitcointalksearch.org/topic/bid-for-product-pacement-in-video-series-about-bitcoin-90k-views-so-far-680624

Just like email, you do not need to require your family to use the software or the same service provider. Allow them to use as they like. It was not a problem; they are all compatible because they use the same open technologies. Bitcoin network never sleeps, even during the holidays too!

International payment systems are Easy and Fast

Bitcoin can be transferred to the Indonesian example of America in less than 10 minutes. There is no bank that slows down the process, the costs, or the freezing of funds. You can pay your neighbor as you would pay for a family member in another country.

KeyserSozeMC

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I'm dying.

It can't inflate.
It can't be burned, buried, hidden. ( Not talking about paper wallets, but the code itself. )
More people in the world have a PC than money (wont go deeper into this..), which makes it accessible everywhere and it doesn't cost a lot to move "a ton" of BTC
It's freedom. Not "In "God" we trust". You can't solve "God's" problem, but you can solve bitcoin's.

It's clean air.

People gonna talk about drug trafficking, prostitution, guns. "You can buy drugs with bitcoins".

I'm already buying drugs ("legal" ones)
with FIAT.

-KSMC

EDIT:

RAWR.

Who's this girl?

Quote

The first one "Finally a simple answer of what is Bitcoin!" - https://www.youtube.com/watch?v=cWYVktImeTk

She makes me wanna know more about bitcoin.

bananaControl

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Activity: 322

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Decentralize All The Things!

Quote from: Este Nuno on July 07, 2014, 10:41:13 AM

Quote from: bananaControl on July 07, 2014, 09:15:40 AM

IMHO it is way too early to try and lure ordinary people into bitcoins. People with technical knowledge who have been into bitcoins for years still fail at keeping their coins secure. The technology simply isn't ready for the masses yet. If too many people bet burned by being pushed into this too early it will backfire on us all.

The only way it's ever going to be secure enough for regular people is through them trusting third parties. Something like Circle(if it ever comes) or Coinbase.

Unless anyone is aware of decentralised ways to make bitcoin secure and easy to use for regular people?

No, and that's why:

Quote

The technology simply isn't ready for the masses yet.

DannyHamilton

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This statement:

Quote from: Bitcoin For Dummies on July 07, 2014, 10:59:54 AM

Merchant adoption seems to be way ahead of consumer adoption anyway.

Seems to prove that this statement is not entirely true:

Quote from: Bitcoin For Dummies on July 07, 2014, 10:59:54 AM

Also merchants will accept whatever their customers prefer, so I believe the key is to have the customers use them.

Merchants can encourage their customers to use the payment method that is better for the merchant.

They can do this by advertising the payment method (signs in the window and at the payment location, posters, billboards, radio ads, television ads, product placement in entertainment media, etc), which increases awareness and visibility.

They can also do this by offering cheaper pricing for the preferred payment method, which creates a financial incentive for the customer.

It's also important to keep in mind that merchants are also customers. Merchants need to pay suppliers. They also earn an income and use that income as customers for other merchants. As merchants see the benefits of accepting bitcoins, they are likely to encourage other merchants to do the same so that they can spend the bitcoins they are receiving.

Bitcoin For Dummies

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Quote from: DannyHamilton on July 07, 2014, 10:05:15 AM

Perhaps an equally important question is:
"Why use dollars when my bitcoins are working just fine for me?"

Well the habit is dollars, so we are trying to break that.
Also merchants will accept whatever their customers prefer, so I believe the key is to have the customers use them.
Merchant adoption seems to be way ahead of consumer adoption anyway.

All your points are really helpful though

Este Nuno

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amarha

Quote from: bananaControl on July 07, 2014, 09:15:40 AM

IMHO it is way too early to try and lure ordinary people into bitcoins. People with technical knowledge who have been into bitcoins for years still fail at keeping their coins secure. The technology simply isn't ready for the masses yet. If too many people bet burned by being pushed into this too early it will backfire on us all.

The only way it's ever going to be secure enough for regular people is through them trusting third parties. Something like Circle(if it ever comes) or Coinbase.

Unless anyone is aware of decentralised ways to make bitcoin secure and easy to use for regular people?

DannyHamilton

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Activity: 3472

Merit: 4801

Perhaps an equally important question is:
"Why use dollars when my bitcoins are working just fine for me?"

Regardless, here are some reasons a merchant might prefer to accept bitcoins:

Lower transaction costs
No chargebacks
Reduces fraud
Increased anonymity for their customers
No need to inform a customer that their card has been denied
Deflationary nature increases likelihood that a sale in the present will be worth more to them in the future
Protects their customer from dishonest employees that might try to steal credit card info
Protects the company against dishonest employees that might try to steal cash from the cash register

And here are some reasons why a customer might prefer to pay with bitcoins:

Lower transaction costs
Reduces fraud
Reduces risk of identity theft and theft of credit card info
Funds protected against being frozen or seized
Deflationary nature increases likelihood that bitcoins acquired in the past will provide greater value in the present
Inconvenient and expensive to convert your bitcoin investment into dollars in order to spend any of it. Far more convenient to simply spend it directly (try that with your stock investment)

Bitcoin For Dummies

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Activity: 131

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Quote from: blatchcorn on July 07, 2014, 09:28:25 AM

I don't use dollars because:
They aren't backed by anything
They can be used to buy drugs
They can be stolen

the same can be said for bitcoin too?

bluefirecorp

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No, you can't use your dollars fine. Go to Canada, can you use your dollars there? Can you go to London and use your dollars there? How would you even get a place to exchange your money without at least having a bit of money in the first place to rent a tax / whatever you need to get around.

Also, exchanging your money technically converted it into something that isn't dollars, who wants NK fun bucks? eh?

Prez

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Bitcoin is in its starting stages now. You can continue to use your USD but soon they will be worth squat, pretty close to worthless now.

The federal reserve system is flawed and has no backing anymore. Bitcoin allows regulation on the system fiat won't allow.

Topic: Why use bitcoins when my dollars are working just fine for me? - page 3. (Read 4033 times)