[FoRK] Bitcoin: "tied cryptologically to all the criminal activities that contributed to its shared value"

Lucas Gonze lucas.gonze at gmail.com
Tue Apr 16 10:03:12 PDT 2013

Businesses which need to make payroll will be wary because of the
incredible fluctuation in value.

OTOH the lower transaction costs should enable merchants to lower prices.

On Tue, Apr 16, 2013 at 10:00 AM, Lucas Gonze <lucas.gonze at gmail.com> wrote:

> http://bitcoinintro.com/bitcoin-overview/use-cases/
> Send emergency Bitcoins instantly to stranded family and friends abroad
> directly to their smartphone! No waiting for the bank to open, no $25 wire
> fees. Instant assistance!
> Want to store a value of bitcoins securely for a long period of time.
> Generate Bitcoin keys off-line, print them, store them in a safe at your
> bank. Transfer Bitcoins to the off-line address and they are super secure
> until you need to spend them! Offline Bitcoins are not vulnerable to
> malicous software that may lurk on your computer.
> Safer than a lemonade stand for kids to make their first earned money
> (more anonymous, no real world contact). They can sell their arts and
> crafts, like home made beads/necklaces/bracelets/etc.
> Worried about making large transactions in public and having to safely
> transport the money to safety afterwards? Accept Bitcoins to your smart
> phone, then transfer them to your home computer or off-line Bitcoin address.
> Your computer just failed to boot with a wierd error message. You Google
> it and discover a forum thread where someone already solved the problem and
> helps you get your computer back online. You decide to reward them by
> sending a few BTC to the Bitcoin address in their signature line as thanks
> for helping you get back to business.
> Are you a merchant and tired of payment processor usage fees? Tired of
> dealing with fraud and chargebacks? Transactions do not require transaction
> fees. And once the money is sent to you, the transaction cannot be reversed.
> Storing cash for a long period of time is not profitable because of
> inflation – a government’s printing of unbacked notes. After Bitcoin’s
> pre-programmed inflation period ends, it will begin to deflate due to
> attrition. Storing your coins for a long period of time may actually
> increase their value!
> On Tue, Apr 16, 2013 at 9:53 AM, Gregory Alan Bolcer <greg at bolcer.org>wrote:
>> Of course there are.
>> On 4/16/2013 9:29 AM, Lucas Gonze wrote:
>>> Are there significant non-criminal use cases for bitcoin?
>>> Aren't transaction costs much lower?
>>>  --
>> greg at bolcer.org, http://bolcer.org, c: +1.714.928.5476
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