Quote:
Originally Posted by extreme
Do you like banks? Do you like dealing with creditcards companies? Do you trust paypal not to sieze your account? Did you trust Epassporte? If not.. then you should be rooting for wider bitcoin-addoption.
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There's kind of a huge difference...!
First banks are insured and at least here in Canada, are regulated by the government. Banks and credit card companies are insured. Your money in the bank is insured too (FDIC in the US) and Paypal won't seize your account if you don't try to screw them over or break their TOS. Paypal also deals in "Real" currency. All services above charge a fee for the services they provide, and users are free to shop around or negotiate for lower rates.
Bitcoin is very new, very different, with wildly varying values. While the US and Canadian dollar values can fluctuate there is at least some protections in place to stop it from going crazy the way bitcoin does.
If I was a gambler I might try buying and selling bitcoins but as you said the value in bitcoins is completely speculative. I'd probably bet $1000 today, then exit tomorrow.