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by eric_bullington 4271 days ago
On the other hand, I've been into Bitcoin since early 2011, have made hundreds of purchases with Bitcoin, gotten made for major contract jobs in Bitcoin, paid other contractors in Bitcoin, and never been ripped off. You just have to exercise some caution and do your due diligence.

Unfortunately, Bitcoin has attracted more than its fair share of scammers -- in part because the core community was at one time pretty naive -- but it's also full of honest people who are attracted to Bitcoin for ideological reasons, and fellow technophiles who are happy to engage in honest commerce with other people.
1 comments
knowaveragejoe 4271 days ago
While that's all well and good, I don't think that will translate so well into the mass market. At least not for some time.
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eric_bullington 4270 days ago
That's OK. As long as there is a large enough population using Bitcoin to create a small economy, that's fine with me. Right now, I get paid in Bitcoin, and pay for about 40%-50% of my household expenses in Bitcoin (and increasing monthly).

For people who are attracted to Bitcoin for ideological or technological reasons, mass adoption would be nice, but it's not as important to us as it is to the massive wave of "to the moon!" speculators who came in last fall.

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