ITT: We post non-meme reasons that bitcoin is better than other currencies or investments.
1. You can buy fractions of a bitcoin, but can't buy fractions of a stock.
2. You can easily and safely carry millions of BTC with you while traveling, unlike millions of dollars in cash.
3. In the same vein as #2, you can bypass capital controls if you take your assets out of the country via bitcoin.
It's not a currency and no one uses it as a currency
It's literally just a virtual commodity that everyone buys and hopes it goes up so that they can sell it for fiat (real currency)
>that everyone buys and hopes it goes up so that they can sell it for fiat (real currency)
Actually, I trade altcoins for the purpose of increasing my BTC holdings.
Mirin
No homo
>can't buy fractions of a stock
Who told you this?
Because they have their head stuffed up their ass.
4. The government can't print bitcoin and steal your wealth
NORMIES WILL NEVER USE THIS MEME
Which you are accumulating so that you can dump it for fiat at subs point
>you can bypass capital controls
still haven't stopped leling
>get $1100 paycheck direct deposited to bitpay debit card
>Check it before buying lunch, now worth $1112
>Bought lunch with free money
>Happens often
it's not like you actually buy any stocks.
the stocks you "have" are almost never on your name unless you receive them directly from the company like an employee benefit or something. so buying fractions is not a big deal at his point.
It is a currency and people use it as a currency
>not private
>not fungible
>not scaling
Bitcoin is terrific for the fact that it has proven the blockchain concept. We now have Monero that has followed through and created a real form of money.
yeah it's a proof of concept work but most importantly we are so swamped by tsunamis of scammy shitcoins that it actually begins to take on the role of good old trustworthy tried system. which is ridiculous if you remember how people saw it a few years back.
Um, nothing here contradicts anything I posted.
>buying fractions is not a big deal
So, not impossible, unlike what OP claimed.
This nigger is right. It's a fucking commodity, not a currency.
It has so many advantages.
1. It is the first truly global currency, you can use it anywhere with an internet connection (or even without internet by telling people the private key to a prefilled account etc)
2. It is programmable, you can do more than just transfer it. Examples are setting up multisignature accounts, contracts, verification and identification and more.
3. It is very secure: It has no central point of failure and cannot be counterfeited.
4. It is extremely practical as a currency, in that it is very portable, very divisible, very easily transferred, very durable and the supply is entirely predictable.
6. It is inherently free as in liberty, no one can force you to spend or not spend your coins on anything
7. It is very cheap to use, far cheaper than an intl bank transfer or paypal/CC purchase.
I can go anywhere on the planet and have a million dollars in a usb encrypted invisible file
Have backups online
Have paper wallets...
endless options
Meanwhile cucks will get stopped with their gold at the airports.
Nocoiners in denial will suffer the most.
Stop using that and use my pic, which is fixed. The fact that is not government is a positive (green) so it shouldn't be red.
If people use it to buy and sell at any volume, it's a currency you mong.
There really are numerous reasons:
>Instant irreversible transactions
>Don't need to reveal any sensitive information to make a payment
>Pseudonymous
>Micropayment channels
>Low fees (vs. cards)
>Smart contracts
>Deflationary currency
>Multisig
>Allows creation of blockchain assets
>Can't counterfit
>Stop using that and use my pic, which is fixed. The fact that is not government is a positive (green) so it shouldn't be red.
That's subjective. Fiat has it's place, it doesn't matter whether it's green or red, it's apples and oranges
>>Instant irreversible transactions
Can you explain why anyone who doesn't own a business or sell anything online would want this? This just means it's even easier for sellers and businesses to rip people off without recourse.
and you think governments will accept this?
all the governments need to say is "no bitcoin allowed since we cannot control it" and the meme is over
you think governments will let you actually kill people?
"murder is not allowed" and bam no more murder
Checked, but
> You can buy fractions of a bitcoin, but can't buy fractions of a stock.
You mean... It'd actually blow your mind if I told you that 1 satoshi is basically one share of bitcoin?
what does murder have to do about stealing wealth?
Governments cannot make things magically disappear by passing laws.
it won't disappear but it'll barely be worth shit when you can only use it illegally and no one will be accepting it
>you can bypass gov control
>IRS to Coinbase: Please identify active US traders between 2013 and 2015
>As part of an ongoing tax evasion investigation, the Internal Revenue Service has asked a federal court to force Coinbase, a popular online Bitcoin wallet service, to hand over years of data that would reveal the identities of all of its active United States-based users.
>Specifically, the IRS seeks all such personal data of all Coinbase users who conducted a transaction between 2013 and 2015. (Full disclosure: such records would include this reporter, who briefly possessed a small amount of bitcoins in 2014 and sold them as part of our Arscoin story.)
>not using local wallets and mixers via Tor
It's still a fiat currency, so it's only worth as much as we believe it to be.
>not using Monero
Same with gold, same with everything. Things are worth what someone will trade for it.