Bitcoin Forum
December 04, 2016, 06:22:28 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: why bitcoin will fail as a currency  (Read 1894 times)
ralaf
Newbie
*
Offline Offline

Activity: 1


View Profile
June 11, 2011, 05:04:45 PM
 #1

Some interesting points.

from reddit:
http://www.reddit.com/r/Bitcoin/comments/hv2cm/why_bitcoin_failed_as_a_currency_and_is_on_its/


1480832548
Hero Member
*
Offline Offline

Posts: 1480832548

View Profile Personal Message (Offline)

Ignore
1480832548
Reply with quote  #2

1480832548
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480832548
Hero Member
*
Offline Offline

Posts: 1480832548

View Profile Personal Message (Offline)

Ignore
1480832548
Reply with quote  #2

1480832548
Report to moderator
1480832548
Hero Member
*
Offline Offline

Posts: 1480832548

View Profile Personal Message (Offline)

Ignore
1480832548
Reply with quote  #2

1480832548
Report to moderator
1480832548
Hero Member
*
Offline Offline

Posts: 1480832548

View Profile Personal Message (Offline)

Ignore
1480832548
Reply with quote  #2

1480832548
Report to moderator
AyeYo
Full Member
***
Offline Offline

Activity: 154


View Profile
June 11, 2011, 05:22:44 PM
 #2

That's a good point.  It's unfortunately that only a small handful of people are actually dedicated to making Bitcoin a useable currency rather than a get rich quick scheme.

Enjoying the dose of reality or getting a laugh out of my posts? Feel free to toss me a penny or two, everyone else seems to be doing it! 1Kn8NqvbCC83zpvBsKMtu4sjso5PjrQEu1
Jdumond
Member
**
Offline Offline

Activity: 81



View Profile
June 11, 2011, 05:38:07 PM
 #3

very estute.


I dont like the guy. How many reasons do I have? alot.
How many reasons do I need? none.
I just dont like the guy.

Donate here: 1Juv5x7PHcNQdRzdUpWK1DHMKwMy7j7zxj
Tradehill: TH-R11447
Kroutonz
Newbie
*
Offline Offline

Activity: 3


View Profile
June 11, 2011, 05:42:15 PM
 #4

the volatiles in price made it very difficult for merchants to price their goods in terms of BTCs.

I'm pretty sure that's only a problem if you arn't good at coding, and design your website with static prices.

And if you guys can show me a market that the dollar doesn't have direct influence over that would be great.
MikesMechanix
Member
**
Offline Offline

Activity: 70



View Profile
June 11, 2011, 06:37:24 PM
 #5

I'm pretty sure that's only a problem if you arn't good at coding, and design your website with static prices.

Non-static prices are a form of failure. If the prices are tied to another currency, you could just as well use that currency directly. Why the unnecessary (costly) conversion to Bitcoin in the middle?

Please send your extra Bitcoins to 17miTorGDBUh3yNTYJtodJPw9wzrcNcf6y. Thank you!

Sign up on TradeHill Instant Bitcoin Exchange using this link to get a lifetime 10 % discount on trades!
Basiley
Jr. Member
*
Offline Offline

Activity: 42


View Profile
June 11, 2011, 07:43:47 PM
 #6

why trolls fail in financial expertise
http://www.google.com
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!