/biz/ - Business & Finance

>>169196
You have said numerous times Bitcoin is the future because of speed, security and is not controlled by the greedy Wall Street Fat Cats.

So much so that it will inevitably replace bank transfers, credit cards, and all other nonsense because it is superior in every way and so safe and secure!!1!

You say this while ignoring the obvious downsides to BTC and safe guards that we installed in our current economic systems that are 100% incompatible with a decentralized system.

You always divert from these points by saying how people in other countries use Cell Phone minutes, or it can help someone send money back home to a loved one - neither of which solve any of the problems brought up and is a 100% obvious, transparent skirting of the issue.

By advocating, to us, you are saying we need to adopt Bitcoin. You are saying in a very direct and literal way that we eventually need to give up the safety and security of our current system (of which we pay a marginal fee to benefit from) to adopt this new system because it is the future and all the perceivable downsides are merely dinosaur thinking.

If I were to start up a non-profit payment processing company it would literally be no different from Bitcoin - except you would retain the ability to reverse transactions and govern the system.

Once again, you are looking to profit in a very small way (at most I would imagine a 5 figure profit in capital gains) by removing fail safes and consumer protections of over 1 billion people, where millions of dollars will be lost, stolen, scammed, or displaced from countless individuals every year - so much so that in Bitcoins brief popularity stint in the last year the amount of money that has been taken from honest, every day people with no chance of it getting back to them is closer to one billion dollars than zero dollars.