21–26 of 26 posts
Bitcoin solves this major issue. Anyone can start their own payment gateway without offering Blowjobs to Bankers like Stripe did.
I encourage everyone who supports Bitcoin to speak out about it! It makes it easy to know whose opinions to take with a pillar of salt.
With all due respect to the guy but asking him is the equivalent of asking some random person on the street. He isn't an economist, civil servant or researcher who has actually invested significant thought on the matter. He is just someone who founded Apple decades ago and hasn't done much since. Also it's really just a terrible idea. The volatility, the fraud and ease of theft, the lack of connection to something ph…
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> governments are very scared of having a currency which they cannot control And for a good reason. See: https://en.wikipedia.org/wiki/Great_Bullion_Famine as one of the examples. Bitcoin becoming a global currency would set us about 500 years back when precious metals were the global currency.
That article is irrelevant with regard to cryptocurrencies as they are near-infinitely divisible. There could never be such a "famine".
Not sure what point you are trying to bring across.
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> the lack of connection to something physical Do you get paid in something physical? Do you think there are notes or precious metals sitting in a safe somewhere that you just never use? I suggest you study money. Also don't use the word whom unless you know how to.
I am referring to the use of Bitcoin as a mass market currency. Physical currency is still useful in many situations where there is (a) no/intermittent networking, (b) when the cost of the purchase is less than the financial overheads and (c) for truly anonymous purchases. I could keep going. There is a reason that even in countries like Australia where we have widspread tap to pay that cash is still pervasive.
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He's a brilliant engineer, but, yes... His opinions are not informed ones on this matter.
If he is a brilliant engineer then he probably has done his research on that matter and has come to this conclusion. If he had no idea or at least wasn't informed enough he probably wouldn't comment on it.