2013-05-24 Someday, you may use bitcoin without even knowing it

[bitbitcoins]

http://qz.com/87556/someday-you-may-use-bitcoin-without-even-knowing-it/

[aigeezer]

http://qz.com/87556/someday-you-may-use-bitcoin-without-even-knowing-it/

I wasn't going to read this piece because of the troll-style headline. As I read it, the piece pulled me this way and that. Lots of nonsense, but some good stuff too. Worth a read after all.

Teasers:

"there’s little reason for small-time consumers ever to use bitcoins directly"

"the popularity of bitcoin in places like Cyprus and Argentina"

"Why you shouldn’t own bitcoins"

"Governments monitor banking activity and guarantee deposits. And in stable economies, the vast majority of people trust that their government will make good on its debts and that the cash in their wallets today will be worth about as much as it will tomorrow."

[TraderTimm]

The "government stability" line will become even more of a laughingstock than it is now, especially since the global banking system seems to be on the decline. The Euro troubles are not isolated, neither is the specter of China pulling a quick one to undermine the US Dollar.

And all the while, every government on the planet is debasing their currency in a race to the bottom.

[cypherdoc]

The "government stability" line will become even more of a laughingstock than it is now, especially since the global banking system seems to be on the decline. The Euro troubles are not isolated, neither is the specter of China pulling a quick one to undermine the US Dollar.

And all the while, every government on the planet is debasing their currency in a race to the bottom.

first the Japanese bond market and now the stock market.

looks like Kyle, Hugh, and Nassim are finally going to get paid.

[bb999]

That ridiculous tagline about "if our experts can't agree on the value of bitcoin, why should consumers?" can be applied to everything.

No one can agree on the price of oil, it's gone between $25 and $150 in the U.S. in the last ten years, does that means consumers shouldn't use oil? 

How about the value of commodities, they have varied wildly relative to each other and different fiat currencies over the years, should people stop eating or using basic goods?  Nonsense