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Old 07-23-2013, 02:59 PM  
Lykos
Too lazy to set a custom title
 
Industry Role:
Join Date: Apr 2003
Location: World
Posts: 31,030
Quote:
Originally Posted by extreme View Post
First off, don't use the bitcoin-dollar exchange rate to draw any conclusions about how bitcoin is doing. That's just speculators buying and selling bitcoins to make profit trading.

Bitcoin is a decentrilized digital currency. That means there's no middlemen to add fees, there's no banks to deal with and you alone is in control of your money.

You can send money to anyone in the world in an instant. No matter if it's saturday 2 o'clock in the morning. And you do it with extremely low fees - basically free.

It's protected by an extremely wellthought out crypto-scheme (using the CPU-power of the "bitcoin-miners").

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.
Nice reply.
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