Hacker News new | ask | show | jobs
by AlwaysRock 3278 days ago
If it was easier to buy and sell them they might. I know people who are interested but due to the difficulty and complexity of buying/storing/selling they havnt yet.
2 comments

To me, obtaining bitcoin (or whatever crypto-currency) has been one of the most challenging aspects of using the currency. It's too hard to obtain. Mining these days isn't that feasible, but even if I could mine bitcoin, I probably wouldn't be able to do it at a rate to fund whatever venture I wanted to pursue. The only alternative is to purchase a crypto-currency with another real world currency, which to me seems to defeat the purpose of not having to depend on central banks or real world currency.

If there was a way for crypto-currencies to handle credit, I think that would greatly increase it's likelihood of replacing real world currencies and central banks--going mainstream. The money we use nowadays is transferable credit and central banks can produce enough to meet the demands of the economy. Crypto-currencies on the other hand are more like gold: there's a limited supply that doesn't meet the needs or demands of the economy.

Seems like something that could be at least partially resolved by the lightning network https://lightning.network
This is very true. I just recently got back into cryptocurrencies after ~5 years away from them, and it was a pain getting all the pieces put together, finding the right places to put money in and trade. I wrote up a guide because basically all of my friends have expressed interest over the last 6 weeks, so I've been sending it around to them. Because it's hard.
Do you mind sending that guide my way? I'd love to check it out. dorsetttaylor@gmail.com
Sent. Sorry, I hadn't checked back on comments until now.