Reply to post: Re: Misconceptions...

$67M in bitcoin stolen as hacking typhoon lashes Hong Kong's Bitfinex

lukewarmdog

Re: Misconceptions...

XBT can be used to buy.. computers and drugs. I believe that's what we've expanded it to now. "and anything any merchant who accepts bitcoin sells" - yep to be sure. Can say the same about eggs. If I could pay my rent in eggs, I'd for sure be buying some chickens.

If it's so wonderful, why hasn't a bank bought into it?

If I live in the UK and get paid in USD, I will be paid into a bank account, the bank can convert it to local currency, update my debit card and I can buy food.

I'm still not seeing why I'd want bitcoin myself.

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