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Yeah, this about sums it up, bitcoin is effectively a way for a bunch of people to vecome middlemen who suck a lot of value out of payments processing, while adding none to it

By spending bitcoin, value is lost. To buy with bitcoin, you have to first buy bitcoin. Why you would exchange real money for bitcoin only to spend real money is a mystery no one has solved yet, but a

Bitcoin was the first thing of its kind. Credit cards already existed before Visa. Bitcoin was launched by some programmers with virtually no advertising. Visa was launched by a major bank with a mass

bitcoin taking 7 years to do 100million transaction (most of which are automated) is even more unimpressive

I don't think that PayPal is the issue but rather the fact that the only other payment you take is bitcoin. Not a lot of people have bitcoin or the patience to set up a wallet so yeah that is more lik

impossible to censor? an isp blocking access to the bootstrapping nodes would wreck that ' decentralized' network, hell even throttling bitcoin traffic would cripple bitcoin as it is choking up enough

bitcoin has had 7 years to grow up in a world with the internet and still can't reel in anyone besides a few hundred thousand users, many being scammers or their victims

First you said nobody needs Bitcoin, now you've moved the goalposts to surpassing Visa. Nice one.

Bitcoin is a distributed, imposible to censor payment method, a savings account (see Greece and Cyprus for more details), and a money transfer service.

fun Bitcoin fact of the day:

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So, how do you explain Bitcoin's $6.8bn market cap again?

Bitcoin - It's Just Like Bows and Arrows.

Sure it would be nice to have an alternative, one that does not require you to scan every piece of paper you own and limits which countries can have accounts. Bitcoin is already a very good candidate,

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And alot of them don't even know what bitcoin is, or how to make a wallet.

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no argument here, but i'm still certain that the protocol's inflexibility and high market volatility means bitcoin will never come close to matching the popularity of the liberty reserves/e-golds that

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