Quote:
Originally Posted by Dirty F
Customer pays with Bitcoin, processor instantly moves it to USD, processor pays out program owner in USD, program owner pays his bills in USD.
Not really rocket science.
|
The problem is the volatility and allow me to explain
I have far less years ahead of me than I do behind me. So I have some wordly experience so to speak. Therefore the one thing that I know is that when it comes to things like finance, banks and governments we are treated like mushrooms.
(IE: We are kept in the dark and fed bullshit. )
Now the underlying concept of bitcoin is a currency created by entities that exist outside any government or recognized corporate entity. To this effect something such a 1 single wikileak that divulges a dirty secret about some government using bitcoin can cause the entire thing to collapse with little or no warning.
( Personally I have no doubt that the CIA uses bitcoin in the same way they use drugs to fund their operations. They are human garbage so why would they not exploit bitcoin?) So I ask you, who wants to wake up one morning and find out they lost their savings?
Now if you asking if I would invest in bitcoin?
I suppose it would be a question of "how much" of a risk am I willing to take. I could see my way clear to 5k to 10k but there is no way in hell would I risk a sum of 100k or more. But with that said, 5k to 10k is not enough money that I could justify occupying my day following it. At my age a fishing trip with my grand daughter interests me more and if I really needed to earn an extra 5k, I could just roll up my sleeves and get on the phone and do some work for a change.