Hearn: The resolution of the Bitcoin experiment
Hearn: The resolution of the Bitcoin experiment
Posted Jan 18, 2016 15:23 UTC (Mon) by spaetz (guest, #32870)In reply to: Hearn: The resolution of the Bitcoin experiment by Cyberax
Parent article: Hearn: The resolution of the Bitcoin experiment
I know that the tourism industry is somewhat fishy, but calling expedia (http://techcrunch.com/2014/06/11/expedia-now-accepts-bitc...) and thousands of travel agencies (https://blog.bitpay.com/partnering-with-ypsilon/) illicit businesses is somewhat strong ;-P.
Let me trump yours: Here is my estimate: 92% of all cash transactions are funneled through illicit businesses.
There you go: By some estimates, the illicite bussines are responsible for more than 91% of all cash transactions. Beat that :)
That having said, I bought bitcoins when they were at $0.03 and got cold feet when they were at $1, I have no horse in this race. They won't go away, but they will never replace the greenback. I find it interesting though that many people are not really aware how they work and what the drawbacks will be. E.g. they are not necessarily free (http://bitcoinfees.com/ explains it well) and can beat credit card fees at times.
