Don't know why people who have read this thread keep thinking of bitcoin strictly as money or "currency" rather than a platform technology protocol with many applications
And yet it's still better than than pretend computer money redeemable for only kiddie p*rn and drugs.
1) just about all money is digital, nothing more than entries on an electronic ledger. What makes bitcoin unique is that a) it is digital and scarce, something that was before thought to be impossible and b) the ledger is distributed and not maintained by any central point of failure. It cannot be destroyed or altered by any person, government, or corporation. 2) As for criminal activity, that's a sign of strength with respect to its utility as a technology. New technologies are often first employed by criminals because of the high risk/reward dynamics at play (automobiles first used for robbery/getaway for example).
Coinbase, Gemini... Coinbase has had crazy good volume recently for only being active in 12 states so far
Microsoft and Overstock sell kiddie p*rn and drugs now?? And I guess expedia sells hotel Rooms for use with hookers? Man! Times are so tough these guys had to diversify into the black market!
You sound like this dinosaur who compared uber to child p*rnography in front of Houston city council. "Uber is like people who do child p*rnography" - Houston City Council Me...: http://youtu.be/R_40L0QGCp4 It's safe to say we can ignore everyone who sounds like you/him
Because that is its only appeal to the common man. Nobody outside of the crazy ancaps and idealist computer science crypto geeks care about it beyond that. It may have merit but unlike Uber, average Joe is only ever going to see it as a stock to play with. At the end of the day bitcoin is only worth as much as you can end up converting out if it back into to fiat.
Wrong. Why is there institutional and big money interest? Because the tech offers real utility value to people who run real capitalist businesses The common man doesn't run the world. You're right. Bitcoin doesn't need the common man to be a success.
And when it is a "success" in terms of market cap, not that it already isnt... common man will use the apps and services built on top of it and not even know the difference. Common man doesn't take venture capital risks. But he sure can in a sense with bitcoin. High reward potential, with seemingly high risk from a common man's viewpoint.
