If your country's money and banking works for you I don't think I can explain to you why bitcoin is useful, you simply have no use for it. That your peers primarily use it for speculation says more about them than about bitcoin.
Because I cannot fathom a system where either currency or banking does not work, and the preferable alternative is to rely on a highly volatile asset that requires vast amounts of energy and time to work.
> That your peers primarily use it for speculation says more about them than about bitcoin.
We are not in 2011 anymore. Bitcoin did not become a widespread vehicle for commercial transactions. Countries with defenestrated economies did not find an alternative in Bitcoin. Instead, we have whales, among them large banks and corporations, controlling over a third of the market, and most transactions are made in exchanges with arbitrage or speculation purposes.
Suffice to say, I don't consider JPMorgan or Goldman Sachs my "peers".
> Because I cannot fathom a system where either currency or banking does not work, and the preferable alternative is to rely on a highly volatile asset that requires vast amounts of energy and time to work.
May I ask you where you were born and raised? A lot of people do actually have to face shitty systems where Bitcoin is a godsend.
manuelabeledo|2 years ago
Because I cannot fathom a system where either currency or banking does not work, and the preferable alternative is to rely on a highly volatile asset that requires vast amounts of energy and time to work.
> That your peers primarily use it for speculation says more about them than about bitcoin.
We are not in 2011 anymore. Bitcoin did not become a widespread vehicle for commercial transactions. Countries with defenestrated economies did not find an alternative in Bitcoin. Instead, we have whales, among them large banks and corporations, controlling over a third of the market, and most transactions are made in exchanges with arbitrage or speculation purposes.
Suffice to say, I don't consider JPMorgan or Goldman Sachs my "peers".
RestlessMind|2 years ago
Here you go, I have compiled some examples for you: https://news.ycombinator.com/item?id=32406095
> Because I cannot fathom a system where either currency or banking does not work, and the preferable alternative is to rely on a highly volatile asset that requires vast amounts of energy and time to work.
May I ask you where you were born and raised? A lot of people do actually have to face shitty systems where Bitcoin is a godsend.
patmcc|2 years ago
I'd estimate it as...oh...98% speculation, and I think I'm being generous.
RestlessMind|2 years ago