[2014-04-18] Credit: How Real People Can Actually Use Bitcoins

[bryant.coleman]

http://blog.credit.com/2014/04/how-real-people-can-actually-use-bitcoins-80857/

Don’t get hung up on the connection between crime and bitcoins. To shake you of that stereotype, look up the early history of PayPal. Every new form of payment is exploited by criminals looking to circumvent regulators. That has nothing to do with Bitcoin as a concept.

In short, these are the advantages given:

1. Low fee for consumers
2. Low fee for merchants
3. Ease of doing micropayments

[jolipenria]

The benefits are obvious. Is there a catch? I became very suspicious

[HeliKopterBen]

http://blog.credit.com/2014/04/how-real-people-can-actually-use-bitcoins-80857/

Don’t get hung up on the connection between crime and bitcoins. To shake you of that stereotype, look up the early history of PayPal. Every new form of payment is exploited by criminals looking to circumvent regulators. That has nothing to do with Bitcoin as a concept.

In short, these are the advantages given:

1. Low fee for consumers
2. Low fee for merchants
3. Ease of doing micropayments

These are just bells and whistles.  For some reason people don't want to focus on the #1 benefit:  free from counterfeit and supply mismanagement by central banks.

[bryant.coleman]

These are just bells and whistles.  For some reason people don't want to focus on the #1 benefit:  free from counterfeit and supply mismanagement by central banks.

Many among the common people don't think that these are serious problems until they are handed down a Cyprus like situation.