Bank transfers often take up to a week to be confirmed. 142 minutes are the average. If you're smart enough you'll choose a fee which will make your transaction be confirmed in under an hour.
Western Union is used by the people of the world. Tell me, how'd you send money (more or less instantly) from the US to a random person in some odd country or vice versa? Bitcoin makes it trivial. Bitcoin allows you to remain fully anonymous. Bitcoin won't make you fill in forms or show your ID. There will be no IRS involved.
Currency isn't supposed to generate wealth.
Every currency on Earth generates wealth if it's deposited in a bank. Or if there's a deflation.
It supposed to store wealth and make transactions easier. And if it isn't good as a currency, what good is it for?
Bitcoin stores wealth just fine and transactions using bitcoin are a lot easier and faster than using the traditional banking system.
But my point is that as long as people are treating Bitcoin as an investment, it really isn't much good as a currency.
People are inclined to treat everything which is rare and perceived as valuable as an investment. Every limited crypto-currency will be treated the same way.
It has no intrinsic value.
Fiat money has zero intrinsic value. Different countries and governments regularly refuse to pay debts and default on bonds.
It's no good for currency since transaction times are too long and transaction costs are too high.
Transaction times are fine and costs are nowhere near what you pay for e.g. SWIFT or Western Union transfers.
Eventually, people will figure out that Bitcoin is worthless.
Gold and silver are in a similar position. Or shares. Or bonds. Or even currencies in certain countries of the world. Go by something using gold
The only value it generates is taken from the suckers at the bottom of the pyramid.
The whole financial system of this world is basically a pyramid.
If you want to design a crypto-currency that actually functions as currency, you gotta design something that isn't used as an investment.
Good luck with that. You may as well rewrite people's DNA for that.
Otherwise, speculators are going to ruin it.
You mean human beings? And also tell me how Bitcoin is being ruined.
This "problem" is so exaggerated it's becoming annoying to hear about it again and again.
Fourthly, we now have "good" websites which stress your CPU so much they can be considered "harmful". What about ad networks whose JS tax your CPU? Why aren't we talking about them?
I perfectly understood what I said, and you keep arguing about something absolutely irrelevant.
I don't fucking care that AVs require kernel level drivers - that was not the point of my statement. The point was that by doing so they make the underlying OS a lot less secure because they make the attack surface a lot wider. A perfectly built OS does not require an AV. Check iOS, Android (to a lesser extent) and UWP (on Windows) - neither of them require an AV to stay secure.
Now fuck off, please, a wanna-be-security-researcher. You've written pretty much three completely inane paragraphs. I don't even understand why I decided to reply to your comments. A complete waste of time.
I've already said that an OS which requires an AV in order to guard apps/data is not the OS you should be running in the first place.
Also, I am indeed a raving idiot because I don't have an AV installed and for my 25+ years of computer usage I've never been infected or lost my credentials (aside from companies leaking them, e.g. Adobe). That couldn't be attributed to sheer luck, right? Windows is inherently insecure and an AV gives you a false sense of security as indicated by literally tens of millions of examples when people have got infected while having a fully updated AV installed and running.
This is the question that needs to be asked.
Here's a list of the features that every AV has:
Either your OS has means of protecting your data from apps, or apps from each other, or you cannot use this OS to run any new/unknown software.
Windows can be made more or less 100% secure if you use SandBoxie.
I hate all this constant stream of FUD in regard to crypto currencies. Fiat money can be stolen as well and it happens all the time, yet
Every passing week brings at least five news pieces featuring five new prominent economists/advisors/CFO/etc. who all declare that Bitcoin is either a bubble or a Ponzi scheme.
We've all heard that Bitcoin is a fraud at least a thousand times already. Now leave it alone please. People who trade bitcoins or invest in bitcoins perfectly understand their risks. It's true that bitcoin's worth is basically zero unless the market agrees that it has a different price. The market has decided that it costs ~$4200 at the moment. It's true that Bitcoin might become worthless tomorrow. If you think otherwise you need to get a shot of common sense.
"Just when you thought we want to rob you once, we actually want to rob you twice."
-- Apple Care
Hard work never killed anybody, but why take a chance? -- Charlie McCarthy