Bitcoin has a lot of potential. Why aren't you using it?

[Paladin69]

Need a prefix for Precious Bits.

In the face of all the bank fees and soon to be CC fees, we need avenues to get around this crap. Plus you can avoid sales tax to boot.

If you are still hesitant on using Bitcoin I would be happy to answer any questions you have. The word really needs to get out more.

I believe bitcoin has the potential to destroy fractional reserve banking. It will have a staying power in the same way bit torrent couldn't be taken down either. The banking system won't see it as a threat until it is too late so now is when people should be getting in.

Don't you ever wish you got involved with Apple or Microsoft stock in the very beginning? Bitcoin is giving you that chance to get involved with something successful now. And it does it based on the principles of scarcity, security and anonymity.

Buy things you need with BTC IMO. Tell your merchant friends to start accepting it. They avoid fees. You avoid fees. Everyone is happy. Except the banksta's.

[oyarde]

I have no need, really , I guess.Only time I use a card is an occassional on line purchase, usually less than $50, and sometimes airline ticket.Use a credit card with no interest and an annual fee that comes to a couple bucksa month.

[ItsTime]

Because the second it actually can destroy fractional reserve banking is the time the bankers hack everything and zero them out.

[amy31416]

We do use it, not exclusively of course.

[Paladin69]

Because the second it actually can destroy fractional reserve banking is the time the bankers hack everything and zero them out.

Armchair cryptographer analysis?

Whenever I hear statements like this, I think of all the things unqualified people make comments on. Like the average pro-war yokel supporting Fox News.

[seapilot]

Sounds interesting. What backs a bitcoin? If nothing then how is it different than fiat? How are more produced?

[oyarde]

I would probably try a small bit if I had a use. Diversity is a good thing.

[Seraphim]

No legal tender laws (and by extension income tax) and I would have all my money in gold/silver/bitcoin.

Since such laws still exist, the money I have left over goes to silver. Less speculatory then Bitcoin. Love Bitcoin though.

[KCIndy]

I've been interested in Bitcoin. I am supportive of the concept of a free market currency unregulated by government.

I've even used Bitcoin a few times for some online purchases.

BUT.....

As a non-tech person, my biggest problem with Bitcoin is that it is a TREMENDOUS pain in the ass to buy into. I tried buying some Bitcoins through Dwolla, and almost lost my cash. I tried buying Bitcoins through BitInstant, and it was a colossal headache.

If Bitcoin is ever accepted by the masses, it's going to have to be simplified.

Recently, I heard someone make the comparison that right now, Bitcoin is at the same stage as the internet was prior to Netscape. I agree. Like I said, I support the concept, but in terms of practical usage, it's got a long way to go.

[tttppp]

I've been interested in Bitcoin. I am supportive of the concept of a free market currency unregulated by government.

I've even used Bitcoin a few times for some online purchases.

BUT.....

As a non-tech person, my biggest problem with Bitcoin is that it is a TREMENDOUS pain in the ass to buy into. I tried buying some Bitcoins through Dwolla, and almost lost my cash. I tried buying Bitcoins through BitInstant, and it was a colossal headache.

If Bitcoin is ever accepted by the masses, it's going to have to be simplified.

Recently, I heard someone make the comparison that right now, Bitcoin is at the same stage as the internet was prior to Netscape. I agree. Like I said, I support the concept, but in terms of practical usage, it's got a long way to go.

The need for simplification is the first thing I thought of when I first started researching Bitcoin. But as a person creating a better currency, I can advise you that Bitcoin is not a good investment.