Quote:
Originally Posted by Drizzt Do'Urden
The internet during the 90s didn't have Netflix, Facebook or even allow you to pay any bills online either. Not only that, the idea of any of those technology was basically unfathomable.
People keep bringing up the issue that Bitcoin doesn't have much support to be of any use right now. However, if you look at what's sprung up within the last 6 months alone, you'll see that it's growing exponentially. This technology has only been around for about 5 years and only in the last year that it's really gained traction. Saying it's useless just because you can't buy McDonald's with it today is being extremely short sighted. Instead, read the white paper and just allow yourself some imagination about what's possible with this paradigm changing technology.
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facebook, netflix, or linkedin all sprung up leveraging the power of internet. bitcoin is a entirely new platform so it's natural for people to be skeptical especially when it is asking to exchange my hard-earned canadian dollar (real money) for something most people are not even sure what it is and what the advantage of it is. and that's really the pitfall of bitcoin because you always have to explain it.
a monetary transaction needs to simple and transparent and the all the major currencies in circulation achieve that. the news lately surrounding bitcoin have really put a big question mark regarding its existence.