BITCOIN as an alternative to regular currency

[ruthlessimon]

Bitcoin as having higher risk than the 'normal currency'

For one-off high value virtual sales I can see the value, becuase one successful chargeback = total loss. Crypto flips that risk to the buyer.

If I'm selling a £50000 cs2 skin to someone in Uzbekistan, I'd rather take a 10% hit, than a 100% hit

But if I'm dealing volume (retailer), I agree, crypto/gold is worse than fiat.

[firlandsfarm]

For one-off high value virtual sales ... a £50000 cs2 skin to someone in Uzbekistan ...

What??? Help, I live in a virtual cave!

[ruthlessimon]

For one-off high value virtual sales ... a £50000 cs2 skin to someone in Uzbekistan ...

What??? Help, I live in a virtual cave!

Bro, to a subset of shut-in Zoomers, a £50k CS2 skin is basically a top-end Rolex. Some nutters have 100% of their net worth tied up in this stuff.

https://www.forbes.com/sites/danidiplac ... explained/

[tico]

Hi,
So basically it's all about trading something that has no real worth . I think the original concept of bitcoin was good and it sent shivers through the financial world. But the whole thing has just become ludicrous.But so has the traditional financial world which has morphed from a system of finance through to a system of political control.
Remember when our banks failed WE bailed them out and we are STILL paying for it .
Kinders
Tick...whose value could go up or down