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re: My faith in Bitcoin just went out the window
Posted on 3/8/13 at 12:14 pm to boosiebadazz
Posted on 3/8/13 at 12:14 pm to boosiebadazz
quote:
i think it's hard to buy a $40 blender off amazon with a bitcoin worth $800
um, you would only send .05 bitcoins in that case
quote:
and your average joe and jane citizen aren't exchanging $500 or so for a bticoin
you do realize bitcoins are infinitely divisible, right?
3
Posted on 3/8/13 at 12:17 pm to WikiTiger
ok, thats not as fatal for you guys
i still think you're gonna have trouble getting it mainstream if the buy-in price is too high
i dont think the consumer confidence is there yet
i still think you're gonna have trouble getting it mainstream if the buy-in price is too high
i dont think the consumer confidence is there yet
Posted on 3/8/13 at 12:21 pm to WikiTiger
quote:You're leaving out the most important part......Amazon doesn't accept bitcoins. That little detail invalidates your whole argument about the divisibility of bitcoins.
i think it's hard to buy a $40 blender off amazon with a bitcoin worth $800
um, you would only send .05 bitcoins in that case
Posted on 3/8/13 at 12:21 pm to WikiTiger
quote:
you do realize bitcoins are infinitely divisible, right?
You cannot make these assumptions.
I have read a lot of your posts on this topic Wiki and I will continue to absorb as much as possible on the topic. I find it intriguing and a possible wave of the future. I do not have enough knowledge of the subject right now to give a perspective that I believe to be valid or valuable yet to a broader audience. I am all about challenging the status quo and innovating and bitcoins seems like a possible option.
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