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by grubles 4109 days ago
>Not to mention the fact that the recipient needs a bank account anyway if they want to convert their bitcoin into something that they can actually spend outside of the dark web.

I guess you've never read https://en.bitcoin.it/wiki/Trade
1 comments
vectorpush 4109 days ago
No, I haven't read the list of locations where bitcoin is accepted. The reason for this is, like most people, I have a bank account and don't need to double check that I can actually pay for dinner and a movie before I patronize an establishment.
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grubles 4108 days ago
Except you weren't patronizing an establishment. You were spreading FUD.
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vectorpush 4108 days ago
What you call "FUD", the rest of the world calls "reality". Bitcoin is currently impractical as money, that's just a fact. The few businesses that accept bitcoin aren't even close to enough to make bitcoin practical for every day needs.
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grubles 4108 days ago
I'm not saying bitcoin is practical as money. I'm saying it is practical as a payment system, if anything. Just look at the gigantic $100,000,000 bitcoin transactions that happen and only pay a $0.20 or so fee.

Besides that, bitcoin is so profoundly different than traditional money systems it can't possibly be practical as money so soon. It shouldn't be practical as money so soon, but it is making progress.

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