re: Winklevoss Twins Plan First Fund For Bitcoins

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it also offers many end-user benefits that legacy currencies do not, such as

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being able to store it safely without needing to use a bank,

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Existing currencies can be stored safely without using a bank.

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being able to send it or receive it instantly at all hours of the day on any day of the year without needing to go through a third party

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This is a faux argument and is just plain silly. I seriously doubt anyone on this board has ever needed to do that and if they did, using a third party is a measure of insurance, not an inconvenience.

In addition, I have worked in countries where the internet is not routinely available and/or the electricity only works a few hours each day, if at all that day. Tell me how convenient your BTC is when you can't access the internet or the cell towers are not working because the power is off to them. You need to get out into the real world more....

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because that means it is censorship resistant in that banks or processing companies can't exclude certain customers of their choosing (and yes, that does happen frequently).

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Such as when an illegal transaction is attempted, Mr. Drug Dealer?

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It can be sent across political borders with ease

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So can dollars. I take dollars with me across borders all the time. No issues, no red tape. Plus, I take a $25,000 credit line on my credit card with me around the world all the time. Safe, secure, instantaneous access to a payment system. You're being silly again.

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An individual can also travel globally with large amounts of bitcoins without any governments being able to stop it.

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I've taken $9,000 cash with me across borders. No issues, no problems. Who needs more than that, Mr. Drug Dealer?

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Transaction fees are extremely low if they exist at all.

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There are zero transaction fees with credit cards for the purchaser. In fact, I get paid cash back for using my credit card. If I use btc to buy something, will the seller give me some of my cash back?

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. I've mentioned them a million times in these threads but most of y'all refuse to even acknowledge those as benefits.

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Could it be because the "reasons" you give are stupid and aren't benefits to the average person or those benefits can be enjoyed using existing currencies? Hmmmm????

You can keep repeating your fake "reasons" but any intelligent person knows you're wrong.