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    Author Topic: It's all about "why" do I need Bitcoins  (Read 4498 times)
    shawshankinmate37927
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    Bitcoin: The People's Bailout


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    July 21, 2013, 06:48:11 PM
     #21

    - no more bounced checks
       *stop writing checks -- problem solved! Cheesy

    Yes, stop writing or accepting checks and start spending/accepting bitcoins and you no longer have to deal with bounced checks or waiting days to see if they clear.  

    - no more ATM withdrawal fees
       *no more ATMs -- duh. Cheesy

    Yes, another bitcoin advantage that the OP can add to his list.

    - no more credit card fraud/identity theft
       *no more credit cards -> no more credit Cheesy

    Credit is just a loan.  BTC loans exist.  We would still have credit.

       *cancel credit cards ->problem solved! Cheesy

    Yes, stop using and accepting credit cards and start using bitcoins for your online transactions and you no longer have to deal with credit card fraud/identity theft.

    "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."   - Henry Ford
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