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by josefwasinski 4572 days ago
1. A hidden asset that can't be taxed, a digital swiss bank account

2. Total control of movement with no fees, instant free wire transfers.

3. Purchasing of goods anonymously

4. Secure from external sources - avoiding bank of cyprus events

In my opinion its all about its widespread acceptance. It's like a telephone the more people who use bitcoin the more value there is.

1 comments

1. Yeah, well, that's illegal. Besides, I don't have a swiss bank account either, and not because of the fees... Also, the chances of me converting a large portion of my small wealth to Bitcoin are slim to none.

2. I'm not sure about the "no fees" bit. The volatility could hurt much more than the fees. But this could be a valid reason, though not today, at least for me.

3. How? They would still need to send me the goods. The only way to buy something anonymously is with a cash transfer wearing a mask and making sure you're not followed.

4. I think it's quite the opposite. A larger percentage of Bitcoin users are hurt by Bitcoin bank robberies than that of people hurt by "bank of Cyprus" events.

3. Create a disposable wallet. Move some money to it. Buy with the disposable wallet.

   The worst they can do is associate the disposable wallet address to your name and sell that information to somebody.