We already have money. Why do we need Bitcoin??

[giletto]

coz no frickin bank can close or freeze your BTC account

But the exchanger could grab it and run, plus the bank still can freeze the money, or how you change btc in fiat back? 

[DhaniBoy]

money -> inflation

bitcoin give me simplest and cheapest way to send money abroad 

[giletto]

money -> inflation

bitcoin give me simplest and cheapest way to send money abroad 

2 user which never had heard about Bitcoin, try to figure out how "simple" is for them to send the money from 1 country to another one, even abroad...

[johnyj]

money -> inflation

bitcoin give me simplest and cheapest way to send money abroad 

2 user which never had heard about Bitcoin, try to figure out how "simple" is for them to send the money from 1 country to another one, even abroad...

Same applies to any foreign currency like Yen, RMB, THB, etc... the list to learn is endless. With bitcoin you need only learn once and then you can go anywhere on the planet

[cobra89y]

Recent experience.

Bought a bitcoin miner using fiat and international wire transfer. Wait time 5-7 days.. Oh wait he didn't receive payment... Bank verified info said it was Good to go.. Wait another few days still no payment I sellers account... Call bank still assured everything is ok.. Skip to a couple days ago. Call bank agian, turns out they left 3 digits off sellers bank account number.... Sent a wire to fix data.. Called today say it will be another 5-7 days

Should have purchased bitcoin...

[BitCoinDream]

besides Silk Road 

uh oh i said the ultimate question.  Now you answer   

To make international transaction at lower cost ...is just one reason.

there is still no trust.  if i want to sell something on here, i have to send it first to get the money. 

I dint talk about selling. I said it about remittance. But the example you have given here is because you are not a trusted merchant. This does not happen for TigerDirect or Gyft.

[Phinnaeus Gage]

So that venerable ASIC-based bitcoin miner manufacturers can pre-sell and deliver on time money-making machines that will ROI, or a refund or their MPP would be in order.

[amspir]

Recent experience.

Bought a bitcoin miner using fiat and international wire transfer. Wait time 5-7 days.. Oh wait he didn't receive payment... Bank verified info said it was Good to go.. Wait another few days still no payment I sellers account... Call bank still assured everything is ok.. Skip to a couple days ago. Call bank agian, turns out they left 3 digits off sellers bank account number.... Sent a wire to fix data.. Called today say it will be another 5-7 days

Should have purchased bitcoin...

That really would scare me if I had to do an international wire transfer.  There is no check digit in the account number, so anybody involved in the process could corrupt the account number without knowing that they did.   If instead the account number is valid instead of non-existent, then it could be a real mess.

At least a credit card number has a single check digit, and a bitcoin address has a real-honest-to-goodness checksum.

[giletto]

money -> inflation

bitcoin give me simplest and cheapest way to send money abroad 

2 user which never had heard about Bitcoin, try to figure out how "simple" is for them to send the money from 1 country to another one, even abroad...

Same applies to any foreign currency like Yen, RMB, THB, etc... the list to learn is endless. With bitcoin you need only learn once and then you can go anywhere on the planet

Go to a WU office, drop the money and go to another one, get the money is alot easier.

[jr3951]

money -> inflation

bitcoin give me simplest and cheapest way to send money abroad  

2 user which never had heard about Bitcoin, try to figure out how "simple" is for them to send the money from 1 country to another one, even abroad...

Same applies to any foreign currency like Yen, RMB, THB, etc... the list to learn is endless. With bitcoin you need only learn once and then you can go anywhere on the planet

Go to a WU office, drop the money and go to another one, get the money is alot easier.

the point of bitcoin is to be THE worldwide accepted currency, at this stage people won't need to learn about how to use it anymore than people still need to learn how to use email or text messaging, as simple as any other convenience in the modern world

WU is a lot more EXPENSIVE, its around 35$ to send USA-> USA in USD last time I sent money, other money conversions and across borders adds more fees

Bitcoin is simply more efficient as a base money system, thats why it will thrive, its cheaper and easier to use over any distance longer than arms reach, and arms reach ease is only NFC integration away, because it is cheaper to use any economy or group that uses it widely will have an economic edge over anyone who doesn't, it is less wasteful than paper money energy wise and once a person adapts to using it, it is more secure.

Whether we need bitcoin or not is a moot point, bitcoin is here already, and bitcoin will thrive because it is the fittest in the ecosystem

[ljudotina]

Bad trol is just bad

[600watt]

we had photographs before. buy a kodak film, take your 30 pictures. send the film to a developer. receive printed photos a few days later for a dollar a piece. grandma wants to see them ? put them in an envelope and send via mail.

= expensive, slow, pay for bad photos, no enhancement possible. then came digital photography. different game now.


we had letters before. when was the last time you wrote one ?

= expensive, slow, ... then came the digitalization of text. email. different game now.


we had music before. remember the tapes ? ..... 

= expensive, slow, ... then came digitalization of music content. different game now.


we had knowledge before. buy a book, go to a library...

= expensive, slow, ... then came the digitalization of knowledge. different game now.


we had money before. remember banks ? ....

=expensive, slow, ... then came the digitalization of money. with bitcoin this will be a different game.


do not underestimate the power of digitalization. it is a new era of mankind history. the digital age will have an impact on our lives as crucial as the industrialization in the 19th century. once money is digital and liberated from the semi-medivial gatekeepers called banks and in the hands of the individuals, this will boost the globalized economy to levels never thought possible. 

[Bizmark13]

We already have mail. Why do we need Email??

Same thing.

[@ThisWeeksCoin]

We already have mail. Why do we need Email??

Same thing.

Good point.

One of the best / most accurate answers I've seen in the topic.


Well said




TWC

[vnvizow]

Well because it's decentralized and deep down we all want to be rebels  My personal reason is because it has a low transaction fee unlike fiat banks and exchanges

[bountygiver]

coz no frickin bank can close or freeze your BTC account

But the exchanger could grab it and run, plus the bank still can freeze the money, or how you change btc in fiat back? 

That's why people here are promoting BTC
Hoping one day we can ditch the stupid cash and use BTC only.
Then nobody can freeze it.

[Robert Paulson]

this explains why http://www.youtube.com/watch?v=iFDe5kUUyT0

[zolace]

Cause our Dollar notes suck, since the gov brought inflation and value to the dollar it brought debt so this is why i prefer bitcoin

[bbeagle]

Hyper-inflation gave rise to Hitler, and that's a fact, jack.

That's about as dumb as saying mothers birthing babies on April 20, 1889 gave rise to Hitler.

[CarlesPuyol]

maybe the btc will rplace the $$$ in the futur, nobody knows