Quote:
Originally Posted by fris
why do people like bitcoin so much?
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OPPORTUNITY
where would you be if it wasn't for opportunity of your ancestors? there would be no Toronto and Canada today as we know it.
Current establishments are failing politically, economically and financially.
I cannot speak for all people why do they like Bitcoin.
I see Bitcoin as a brilliant concept with potential in the future. it may fail, it may be outlawed or it may propel us into the 21 century.
My personal appeal is low cost transactions and effective transit. I payed hefty sum of money last year in fees to banks, paypal, western union and such. To send a wire it cost me $40 plus costs on the receiving side, then I have to spend my time to get to branch, and then wait till they send it. Paypal and WU take 3-4% for my business. WU banned me from their system because fuckers don't understand what is online internet business like web design, they think I must know all my clients in face. Paypal - you never know when your account going to be shutdown because someone you have dealt with in the past may get their and your account frozen, plus it takes time to get money in and out of system and same with other online wallet systems. Why would I want to send wire to online wallet system to pay $50dollars on top of my $40 dollars for a wire, or send ACH and wait 2 weeks till it gets there, if i can send wire directly for instance?
so.. i discovered bitcoin which with wider adaptation may reduce my costs and time spend in paying all those fees and praying my accounts/funds don't get frozen (and i'm being white hat).
did I say economies are failing? can you be sure your dollars can by same things tomorrow as it does today? who or by what the dollars is backed and guaranteed? government? fairy tail - but they can print more!
if it wasn't for all of such problems where wouldn't be Bitcoin in existence.