>> (p.1)
    Author Topic: Bitcoin is Doing for Money What Email Did for Snail Mail  (Read 1363 times)

    • btcbible (OP)
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    July 24, 2013, 04:12:06 PM
     #1
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    Bitcoin is a complex idea which is often explained in complex terms. Words such as “cryptographic algorithm” and “decentralized currency” are often used. The less common explanations actually address the function of Bitcoin; the fact that it is currently the fastest and cheapest way to transfer money directly to another party anywhere in the world.

    Read More: http://btcbible.com/bitcoin-is-doing-what-email-did/
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  • Driice
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    July 24, 2013, 07:48:37 PM
     #2
    A very nice article btcbible. While I doubt bitcoins will ever replace cash, I believe that they will eventually weaken credit cards and the banking system.

  • coinprize
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    July 24, 2013, 10:04:13 PM
     #3
    Quote from: Driice on July 24, 2013, 07:48:37 PM
    While I doubt bitcoins will ever replace cash, I believe that they will eventually weaken credit cards and the banking system.

    Agree!
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  • btcbible (OP)
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    July 25, 2013, 11:12:36 PM
     #4
    Quote from: Driice on July 24, 2013, 07:48:37 PM
    A very nice article btcbible. While I doubt bitcoins will ever replace cash, I believe that they will eventually weaken credit cards and the banking system.

    Thank you for the kind words!
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  • Varicon
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    July 27, 2013, 06:30:53 PM
     #5
    I can't wait to see Bitcoin's place in the world in even as short of a time as 3 years from now.

  • btcton
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    July 27, 2013, 08:01:05 PM
     #6
    I really hope it does. Hope for the best.
    The signature campaign posters adding useless redundant fluff to their posts to reach their minimum word count are lowering my IQ.

  • Abdussamad
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    July 28, 2013, 07:00:24 PM
     #7
    Email has a huge spam problem. I wonder whether bitcoin will also be weighed down by spam in the future. Maybe satoshidice is just the start. We'll have an avalanche of micro transactions that take the blockchain to terabytes in size.

  • AliceWonder
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    July 29, 2013, 12:25:16 AM
     #8
    Quote from: Abdussamad on July 28, 2013, 07:00:24 PM
    Email has a huge spam problem. I wonder whether bitcoin will also be weighed down by spam in the future. Maybe satoshidice is just the start. We'll have an avalanche of micro transactions that take the blockchain to terabytes in size.

    I expect micropayments to become commonplace.

    Right now with credit card processing, it isn't practical to run a service that thrives on micropayments.

    Remember in the 80s when we use to put a quarter in the video game slot? Those were micropayments and people got rich off of them. But that's not practical on the web due to processing fees.

    bitcoin solves the problem. I can pay 2 mBTC to read a news story or 5 mBTC to play a game or whatever and the .1 mBTC transaction fee doesn't hurt me.
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  • wopwop
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    July 29, 2013, 06:51:35 PM
     #9
    Who says we won't have 0 fee transactions in USD in the near future?

    It's not like it's technically impossible

    The only reason its not here yet is because it needs a solid infrastructure, which is being built right now, but takes time

  • J603
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    July 29, 2013, 07:07:56 PM
     #10
    Quote from: wopwop on July 29, 2013, 06:51:35 PM
    Who says we won't have 0 fee transactions in USD in the near future?

    It's not like it's technically impossible

    The only reason its not here yet is because it needs a solid infrastructure, which is being built right now, but takes time

    Aren't there already 0 fee transactions? If you go paper wallet to paper wallet, there are no fees, correct?

  • CurbsideProphet
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    July 29, 2013, 07:18:47 PM
     #11
    Quote from: J603 on July 29, 2013, 07:07:56 PM
    Quote from: wopwop on July 29, 2013, 06:51:35 PM
    Who says we won't have 0 fee transactions in USD in the near future?

    It's not like it's technically impossible

    The only reason its not here yet is because it needs a solid infrastructure, which is being built right now, but takes time

    Aren't there already 0 fee transactions? If you go paper wallet to paper wallet, there are no fees, correct?

    Paper to paper is irrelevant, as long as it goes through the blockchain, you may need to pay a transaction fee.  If the transaction is small enough, you may not have to as miners may pick it up but it's always best to add a transaction fee if you want to ensure the transfer goes through.  Usually 0.0005 is enough.
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  • yayayo
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    July 29, 2013, 07:23:50 PM
     #12
    A really good comparison esp. for the non-techies out there.

    Hoping it will become reality...


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