Does anyone keep money in their checking accounts anymore?

[jjdub7]

man, some of you guys are nuts putting that much of your income into bitcoin.. it could pay off, or it could totally fuck you over in the months and years to come.

Well, its a choice between a 1% guaranteed loss from inflation (much more if the US housing market doesn't see a reaction from the continued QE and assuming the stock market doesn't crash on the interest hikes from QE tapering) or an inflation hedge...right now I'm taking the hedge.

Who in the younger generation is going to want to buy houses?  We're up to our heads in student debt.

no, it's not a hedge when you have more than half of your wealth in bitcoin. a lot of bitcoiners seem to ignore that it's very possible that bitcoin collapses, yet they still have all of their eggs in a basket.

The difference between bitcoin and tulips is that bitcoin seems to be a bit more practical.  Tulips also weren't specifically created to serve as a peer-to-peer consensus system to replace fiat currencies.

[zimmah]

What's a checking account? :p

It's for the peasants. Srly, it's only purpose is to house fiat until I transfer into coinbase for the deflationary stuff.

Funny thing is you are part of a growing but extremely small minority who dont really use it. MOST people (there ARE alot of people who dont give a shit about bitcoin) who use checking accounts.

Back in 2012 internet explorer was still the most widely used browser, just saying.

Some people are slow, others are really slow. But eventually they will catch on. And we will be way ahead of them.