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Comment Re:Secure only given certain assumptions ... (Score 1) 127

True, but that limits its role to a transaction system. Which is fine, its just not what advocates claim it is.

Not limited to that, as we said, it went up 10000% or
2000% or in last 2 years, or indeed 30% (drop) in last year.
So it can give profit - it is useful as (risky) investmen.
Due to inflation and the basics and at historu I would say that it can drop x10 but also can grow x100, so I would add it is one of more interesting investition devices - on top of being ok for payments as we agreed.

Comment Re:Wallet management/backup is a problem ... (Score 1) 127

Just write the pass on paper, then it is "as good" as fiat money in form of dead people's pictures painted on dead trees.

Or put it into a deposite bock in Bank, then it is as safe as in Banking system (though insure it/declare value).
Or give keys to family to store in few backups. You have all this options. The choice is your's also about how to spend it, how much to pay for around-world transfer, etc - and I find that very cool :)

Comment Re:What's in it for consumers? (Score 1) 127

First of, math > promises made by politicians.
About any kind of volatility, it is not a problem for people who want to use it to buy something, works as well when 1 BTC=0.01 USD as it was used few years back, works at 1 BTC=1 USD and at 1 BTC=10,000 USD.
Unless you want to buy and hold it for a year but then it's your decission should you invest or not (I would invest a bit of saving that I can afford to lose). Some people invested and bought cards, houses after waiting 3 years.

Comment Re:Secure only given certain assumptions ... (Score 1) 127

If 51% attack would happen even, that does not affect your BTC account at all, you have the same amoutnt of BTC.

As for BTC price, there are various ideas to invest or not long term, but looking at it's short last 4 years, it grown over thousand times.

And neither of this is needed for successful short term payments.

Comment Re:What's in it for consumers? (Score 1) 127

Bitcoin as a retail payment system? Not yet. Not until bitcoin is a bit less volatile. But as a money transfer mechanism between private citizens? Maybe not a bad idea.

As a payment system, you do not care about the price fluctuations - just use bitpay or one of other payment processors. Price is 10 $ for a product, you are told to pay say 0.03164 BTC for example based on current prices, you pay 0.03164 BTC the marchant has 10$ sent to his bank account in a daily sweep from all customers.
Violation does not concern you.
If you would need to first buy BTC locally e.g. from local btc-atm or localbitcoins or friend, then you will probably pay a 1-2% more (difference between selling-buying prices) but price violation will not affect you much unless you wait few days... but if you do wait few days, you also have a chance to have say 10% *more* money (pay less) - your choice if you want to also short-term invest or not.

Comment Re:Wallet management/backup is a problem ... (Score 1) 127

Modern wallets allow a super-backup whre you memorize some password e.g. in form of 20 words, and all future addresses you will ever generate in that wallet are always recoverable from theses words.

As comfortable as it can get.

There can be a war that will burn your home, all your backups, your servers and half of the world, and still if you remembered the words you have your bitcoins.

Comment Re:What's in it for consumers? (Score 1) 127

State owned currencies are usually inflatory - so your savings are silently dimishing (in buying power).
Bitcoin is deflatory, your savings are growing over time (in buying power).

But this is just about investing in BTC - single user.

More important use here is to use it as form of payments, that are very universal (world-wide, scriptable, can not be frozen by rogue state e.g. the USA, are more private).

Comment Re:What's in it for consumers? (Score 1) 127

>>For the average consumer, Bitcoin is a solution in search of a problem.

The problems are [fiat currencies] that are based on nothing but the misplaced confidence that said currencies will be properly managed. Unfortunately, currencies like the US dollar have very shaky foundations. You'll see the point when the next banking crisis hits and the bail ins have been instituted.

Bitcoin is also based on nothing. In fact it is based on even less nothing than fiat currency. Bitcoin has weekly instability and crises. What, exactly, is the motivation here to use it over fiat?

It is based on math. I trust math more then war criminal Bush or Obama, or the private company FED to manage money.
It can not be confiscated or frozen (like happened with Wikileaks); You can receive them anonymously. You can easily script sending them without no bullshit. You are in full control of your money.

Comment Re:Money Laundering (Score 1) 127

Interesting tidbit, if everyone would evade tax, USA noble price winner and other great presidents before him would have trouble feeding the army to start new wars, and to continue wars on own people - like war on drugs, or war on file sharing.

Comment Re:What the hell is wrong with Millennials?! (Score 1) 465

They've ruined the Internet, too. We can't go a single day now without somebody incorrectly calling somebody else "racist" or "sexist" or "misogynistic". They force censorship wherever they go, because according to them it's completely inappropriate for somebody to potentially read or hear something that might hurt their feelings, even if it's completely factual and correct.

This, a million time this.

Comment Everyone is a fellon (Score 1) 720

I couldn't care less about someone just "being fellon", when we (in most "modern" countries) have law system that criminalizes almost anything, even using drugs or other things that do not harm anyone and should not be anyone's business.

Would care if you would do anything bad if it was serious, e.g. beaten up someone (not in defence), or commitet a robbery.
Liekly quite some busines owners think in same way.
Of course if you would for example steal empoloyeer secrets previously, it does not look good.

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