I don’t know much about bitcoins, but isn’t there some enormously crazy big transaction commission? At the level that makes it unusable for real merchandise trading?
Sure it sucks as a currency, but it if you’re the only town doing it then it might work okay as a tourist attraction to draw in any remaining wealthy bitcoin enthusiasts.
Yeah… It’s kinda the entire problem with Bitcoin as a concept. It’s the bastard child of a commodity and currency, featuring the worst aspects of both its parents.
It’s a commodity with no inherent value, and a currency with no guaranteeing partner or oversight. Tbh the only real values it can express are all highly detrimental towards society at large.
I don’t know much about bitcoins, but isn’t there some enormously crazy big transaction commission? At the level that makes it unusable for real merchandise trading?
Sure it sucks as a currency, but it if you’re the only town doing it then it might work okay as a tourist attraction to draw in any remaining wealthy bitcoin enthusiasts.
It was a weird vibe in the village. Either bitcoin people, who tended to be middle upper class, or surfers.
Yeah… It’s kinda the entire problem with Bitcoin as a concept. It’s the bastard child of a commodity and currency, featuring the worst aspects of both its parents.
It’s a commodity with no inherent value, and a currency with no guaranteeing partner or oversight. Tbh the only real values it can express are all highly detrimental towards society at large.
I dont think its that big, but bitcoin is also very slow, which wont help.
And slow. And that commission as I heard is linked to the speed. Expensive and fast, or not very expensive but very slow…
Yeah, and meanwhile visa are doing god knows how many million transactions per second.