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Author Topic: bitcoin is a solution without a problem?  (Read 2948 times)
moriartybitcoin (OP)
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February 26, 2015, 10:43:45 PM
 #1

99% of the time that's what I hear from 'average' people:

"Why should I use Bitcoin when I have a credit card and Paypal? Bitcoin is a solution without a problem ... "

I think Bitcoin will catch fire first in the developing countries, especially Africa, where people have few access to banking services and where remittances from family members living outside Africa are so critical. Neither Western Union nor wire transfer is the best service for family members in 1st world countries to send money to third world countries ...

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February 26, 2015, 10:59:17 PM
 #2

Yes, you're starting to see it remittances in places like Africa and Asia, where the cost of services like a Western Union makes sending money expensive and prohibitive.

Things like Igot:

http://insidebitcoins.com/news/bitcoin-exchange-igot-launches-in-kenya-via-m-pesa-integration/30194

BitPesa:

https://www.bitpesa.co/

Rebit:

https://rebit.ph/

All of these provide a way for a person to use and send money to family overseas in these unbanked countries easily, quickly, and with less fees attached. 

BitPesa aims to allow the existing infrastructure to use Bitcoin from their standard M-Pesa network.   Exciting times!

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February 26, 2015, 11:24:19 PM
 #3

99% of the time that's what I hear from 'average' people:

"Why should I use Bitcoin when I have a credit card and Paypal? Bitcoin is a solution without a problem ... "

Thousands have experienced problems with Paypal and credit cards! There are problems.

I used to be a citizen and a taxpayer. Those days are long gone.
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February 26, 2015, 11:25:46 PM
 #4

99% of the time that's what I hear from 'average' people:

"Why should I use Bitcoin when I have a credit card and Paypal? Bitcoin is a solution without a problem ... "

Thousands have experienced problems with Paypal and credit cards! There are problems.

With competition like Paypal, Bitcoin has a very bright future.

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February 27, 2015, 12:26:06 AM
 #5

99% of the time that's what I hear from 'average' people:

"Why should I use Bitcoin when I have a credit card and Paypal? Bitcoin is a solution without a problem ... "

Thousands have experienced problems with Paypal and credit cards! There are problems.

With competition like Paypal, Bitcoin has a very bright future.

yes I agree, because paypal is very sensitive to the data, my paypal  now can not be opened because of a problem bank book, even though I've verified it, it's almost 1 year unfinished.

but as long as I use bitcoin, never troubled
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February 27, 2015, 12:56:34 AM
 #6

99% of the time that's what I hear from 'average' people:

"Why should I use Bitcoin when I have a credit card and Paypal? Bitcoin is a solution without a problem ... "

Thousands have experienced problems with Paypal and credit cards! There are problems.

With competition like Paypal, Bitcoin has a very bright future.

yes, the problem is not as complex bitcoin paypal and credit card, even bitcoin has no problems so far, bitcoin full freedom and I believe the future will be bright bitcoin Smiley
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February 27, 2015, 01:08:37 AM
 #7

99% of the time that's what I hear from 'average' people:

"Why should I use Bitcoin when I have a credit card and Paypal? Bitcoin is a solution without a problem ... "

Thousands have experienced problems with Paypal and credit cards! There are problems.

With competition like Paypal, Bitcoin has a very bright future.

yes, the problem is not as complex bitcoin paypal and credit card, even bitcoin has no problems so far, bitcoin full freedom and I believe the future will be bright bitcoin Smiley
yes ... for sure !!! the future of bitcoin is bright with certainty. What remains is to wait to see it.

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February 27, 2015, 01:16:16 AM
 #8

99% of the time that's what I hear from 'average' people:

"Why should I use Bitcoin when I have a credit card and Paypal? Bitcoin is a solution without a problem ... "

I think Bitcoin will catch fire first in the developing countries, especially Africa, where people have few access to banking services and where remittances from family members living outside Africa are so critical. Neither Western Union nor wire transfer is the best service for family members in 1st world countries to send money to third world countries ...

Bitcoin will catch fire on the opposite side buddy, there is nothing more shiny for rich people than to buy what they dont need because someone else needs it more.
btw i also have paypal for years, but for some reason my country isnt allowed to keep the funds there, theyre sent out to binded bank account every 1st of the month, add paypal fees to the formula, and thats whyi dont like or use paypal anymore.
I need store of value somewhere where i dont need to explain why and how much, and bitcoin is perfect.

cheers
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February 27, 2015, 01:20:23 AM
 #9

Bitcoin is the separation of Money and State and the end of the fractional reserve banking system.
It does also underlie the greatest mechanism for digital assets ownership that humanity as ever seen.
Bitcoin doesn't allow for manipulative monetary policies that aim at perpetuating the State at the cost of productive people, with inflation.  
Bitcoin, or something very similar, will be the money used by machines in the second age of them.
That is why bitcoin is poised to change the world.

{ Imagine a sequence of bits generated from the first decimal place of the square roots of whole integers that are irrational numbers. If the decimal falls between 0 and 5, it's considered bit 0, and if it falls between 5 and 10, it's considered bit 1. This sequence from a simple integer count of contiguous irrationals and their logical decimal expansion of the first decimal place is called the 'main irrational stream.' Our goal is to design a physical and optical computing system system that can detect when this stream starts matching a specific pattern of a given size of bits. bitcointalk.org/index.php?topic=166760.0 } Satoshi did use a friend class in C++ and put a comment on the code saying: "This is why people hate C++".
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February 27, 2015, 01:47:12 AM
 #10

There's a surprising number of people in first world countries who can't get or don't have a bank account. That cuts them off from a huge amount of possibilities.
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February 27, 2015, 03:33:27 AM
 #11

99% of the time that's what I hear from 'average' people:

"Why should I use Bitcoin when I have a credit card and Paypal? Bitcoin is a solution without a problem ... "

Thousands have experienced problems with Paypal and credit cards! There are problems.

With competition like Paypal, Bitcoin has a very bright future.

It honestly boggles my mind that they have grown to where they are now.

Bitcoin has a ton of applications. It doesn't necessarily have to solve a problem. Just make life easier.
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February 27, 2015, 03:47:07 AM
 #12

99% of the time that's what I hear from 'average' people:

"Why should I use Bitcoin when I have a credit card and Paypal?

"Why should I use PayPal when I have a credit card?

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February 27, 2015, 04:06:21 AM
Last edit: February 27, 2015, 04:21:02 AM by Beliathon
 #13

Bitcoin is the solution to fiat, the solution to the problem of trust regarding money in a capitalist system. You can't trust anyone in a capitalist system, so bitcoin removes trust from the equation with mathematics.

One of the best virtues of using observable public math to solve the trust problem is that the old solution, the nation state's solution, is constant systematic theft, and violence whenever deemed necessary.

Bitcoin carries within it the seed of a much more transparent and less violent world, a world which we may be fortunate enough to see manifest before our eyes in the very near future.

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
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February 27, 2015, 04:26:58 AM
 #14

99% of the time that's what I hear from 'average' people:

"Why should I use Bitcoin when I have a credit card and Paypal? Bitcoin is a solution without a problem ... "

Thousands have experienced problems with Paypal and credit cards! There are problems.

With competition like Paypal, Bitcoin has a very bright future.

It honestly boggles my mind that they have grown to where they are now.

Bitcoin has a ton of applications. It doesn't necessarily have to solve a problem. Just make life easier.

How does it boggle the mind?  Yes, they have high fees but they run a top notch service excluding some questionable account freezing.

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February 27, 2015, 05:19:40 AM
 #15

Credit cards where never meant for the internet.  You need a push system, not a pull system.  Like bitcoin.
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February 27, 2015, 05:31:31 AM
 #16

I think the good side certainly outweighes all the negative aspect. Yeah you can say it introduces problems of its own but look at the advantages it bring overall. I think the best part is on the low cost money remittance which not only fast but is able to transfer almost to anywhere. And you don't have accounting freezing problem like paypal

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February 27, 2015, 05:50:43 AM
 #17

Well the average obviously don't see the problem. They are even fine with NSA.
Unfortunately people have become like that.

"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
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February 27, 2015, 06:10:16 AM
 #18

Well acctually "Bitcoin is a solution to problems that only a small amount of people care to see"

There are loads of people, who do not care or know how much fee's they pay on PayPal / Credit card and bank accounts.... they just pay and continue to run in the little hamster wheel.

Most of them, have never use remittance services, to know how much it would cost them to send fiat to another country.

A small percentage of them have been the victim of credit card fraud or card skimming... or had their accounts being emptied by a hacker with a trojan.

These are the kind of people, that would appreciate the solutions Bitcoins brings to the table... I would know, because I was one of them.  Angry 

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February 27, 2015, 06:33:41 AM
 #19

99% of the time that's what I hear from 'average' people:

"Why should I use Bitcoin when I have a credit card and Paypal?

"Why should I use PayPal when I have a credit card?
the masses are getting numb to face those kind of problems credit card and Paypal bring to them! When innovative technology comes out and revolutionizes the way of doing the same thing, they intuitively choose to resist the changes. As time goes, the average Joe will realize the true and adopt it.

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February 27, 2015, 06:52:43 AM
 #20

99% of the time that's what I hear from 'average' people:

"Why should I use Bitcoin when I have a credit card and Paypal? Bitcoin is a solution without a problem ... "
Where do you hear that 99% of the time ? Your place?

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