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681 points Anon84 | 2 comments | | HN request time: 0s | source
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spicyusername ◴[] No.46181533[source]
I've never understood the initial arguments about Bitcoin, no matter how many times they've been explained to me.

The block chain is, and always was, an extremely inconvenient database. How anyone, especially many intelligent people, thought it was realistic to graft a currency on top of such a unwieldy piece of technology is beyond me. Maybe it goes to show how few people understand economics and anthropology and how dunning-krueger can happen to anyone.

Now the uninformed gambling on futuristic sounding hokum? THAT is easy to understand.

That being said, I'm sorry the author had to go through this experience, the road of life is often filled with unexpected twists and turns.

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TrackerFF ◴[] No.46181747[source]
At least for me, the big selling point was being able to send money fast and relatively cheap. Back then you either had PayPal, or wire transfer. PP could easily freeze and hold your money over whatever issues, while bank transfer was slow.

And, mind you, I only purchased/sold legal stuff.

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ikt ◴[] No.46181776[source]
Yep, that's what I thought nano had done:

https://nano.org/en

instant, fee's a fraction of a cent, I thought this was it, international payments that don't rely on visa/mastercard!

and then it just went no where :\

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Nextgrid ◴[] No.46183040[source]
Because in practice services like TransferWise solved this problem using fiat currencies with fees low enough not to make it worth bothering with crypto.
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1. ikt ◴[] No.46188419[source]
I duno, I still can't make a payment on the net without Visa or Mastercard, still a problem to be solved to me

Looks like other people still trying to solve as well:

> Earlier this year, Coinbase changed online payments forever with a new protocol called x402. But could this technology really usher in a new age of 'machine to machine' payments? Let's run it...

https://www.youtube.com/watch?v=S6wc6yvoZLY

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2. lmm ◴[] No.46189178[source]
> I still can't make a payment on the net without Visa or Mastercard

Let me introduce you to the wonders of Discover.