Brick wrote:
Joe Orr Road Rod wrote:
Cutting out the middleman, privacy, lack of government interference, etc.
This is why I'm saying that it's inventing a problem and then looking for a solution.
It hasn't been a problem for you because you live in the richest, most powerful nation that has ever existed.
Do you think the ability to create money is a powerful tool? Who do you think should be able to do that? What is a dollar or a yuan worth and why does it have that worth? Why does gold have value?
Should the paper notes in your pocket have more value than the paper notes in the wallet of some woman in Port-au-Prince because your government has more battleships and nuclear weapons? I realize I'm getting away from economics and into philosophy here, but I'm trying to explain the power of Bitcoin that you don't want to acknowledge.
Brick wrote:
Joe Orr Road Rod wrote:
You don't seem to have the imagination to recognize the power of the technology and how world changing it will be- one way or another. And I don't mean this as a criticism because in most cases, at least in the short term that comprises one person's life span, your viewpoint is likely to prevail.
Neither do you. However, that doesn't change the huge amount of downsides for bitcoin. It's easy to lose forever. You can't really ever secure it and if you secure it too much you risk locking yourself out of it. Even if you could actually spend it, it is much harder than a simple credit card or even writing a check along with less security behind it in the case that I'm getting scammed.
Obviously, I do. I can imagine a world where the U.S. no longer exists. Correct me if I'm wrong, but you consider that very notion to be utterly absurd.
It's no easier to lose a Bitcoin wallet than it is to lose a leather wallet with $2000 in cash and all your credit cars inside or to have your Madoff retirement account evaporate. That's a poor argument against Bitcoin.
Brick wrote:
Joe Orr Road Rod wrote:
The invention of Bitcoin is like the opening of Pandora's box. The world is not going to be the same afterward. It reamins to be seen which way it goes. Will it be salvation for The People helping to created a better, freer, more equitable world? Or will it become a tool of the powerful used to further subjugate the masses? I suspect it will be the latter but it I am hopeful it might be the former.
It likely won't really be all that impactful.
It is and it will be. Though as I said above, I understand that many people don't recognize that. Yet.
It's like talking to a monk who shrugs off the invention of the printing press. "We do just fine transcribing the Bible!" Monks didn't like losing their power either.