b¡tco¡n
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Activity: 84
Merit: 10
Correct Horse Battery Staple
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March 27, 2014, 10:03:03 PM |
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Most people are used to being robbed slowly via FIAT rather than have a currency that overall goes up in value but is volatile. Being robbed slowly is preferable. The average Jo has a mortgage so enjoys the fiat system where it goes down in value and therefore so doe his debt in real terms.
This, and the fact that you are 100% responsible for the security of your money (i.e. you are the bank).
So for large quantities of money you'd need to get a boot cd, make sure your bios hasn't been infected, run the boot cd, run the wallet software, roll some dice to generate the private key, etc. ad nauseum. Would your granny do it? I wouldn't do it and I am a geek!
I am pro bitcoin and I want it to succeed but there are practical issues for the everyday dude to use it 'for real' and not just for fun.
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