Bitcoin
Out of context: Reply #556
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- twooh0
No offense, but a lot of you guys here aren't seeing the pink elephant in the room here. The drawbacks are severe.
There are no chargebacks. Almost all vendors aren't going to support something they cannot be insured from, and you don't exactly hear the FDIC saying they're going to help.
Furthermore, BTC (in its current state), is way too volatile, making it impossible to put a fixed price on anything.
Lastly, China. If China says they're not going to support it, you're shit out of luck on BTC becoming relevant in Asia, or any businesses tied to the Renminbi.
If you go on any chat room, or exchanges such as BTC-E, it's full of speculators. Most people are interested in cashing out, and not seriously adopting it as currency.
All of you here who are gung-ho about it, are throwing charts as if they're supposed to mean anything. It doesn't.
I'm all for BTC. I like it, and I like the concept of it. But until it's somewhat regulated, and government supported, it isn't going to get much bigger than this.
- GO LONG?2002
- LOLformed
- < THISformed
- Yep. Full of speculators. Like the dollar. No charge backs like gold.CableStudios
- The government are trying to regulate. But you don't want that.CableStudios