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To: Dutchboy88

That merchants have a way to accept bitcoin that mitigates downside risk is great news for someone like me as it means adoption is on the way, not as a replacement for the dollar, but as a useful mechanism and medium of exchange. I’ll be able to use a convenient and secure method to make my payments. Widespread adoption should flatten out the price fluctuations eventually, though it will likely mean increases in the USD/BTC exchange rate in the short term.


69 posted on 01/16/2014 9:14:41 AM PST by Database
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To: Database
"...not as a replacement for the dollar, but as a useful mechanism and medium of exchange."

This is exactly what I have been saying. If it is not a replacement, if you stay in the US$ economy, then you are just adding an layer of activity, but accomplishing nothing substantive. And, all of the risks of piracy, counterfeits, padding of accounts by hackers (or miners) is still right there alongside your disdain for the US$. I wish you well, but this is just not for me.

70 posted on 01/16/2014 9:52:24 AM PST by Dutchboy88
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