The value of this technology is not in making it even easier for Americans and other first-worlders to do their shopping. That is already incredibly easy.
The value of this technology is many-fold. Examples:
- International online shopping for people who have no access to credit cards
- Reduction to near zero of merchant fees for small, local business
- Holding savings without any fear of confiscation or censorship
- Drastic reduction in remittance fees
- Business to business and person to person international transfers with no significant wait times and little or no fees
- Almost free tipping of artists and charity causes online, and other microtransaction types such as pay per article, currently not possible with Paypal or credit cards due to fees.
- Undermining the bankers' power to print away our money.
This bundle of functions can all be had with Bitcoin itself, let alone altcoins or sidechains.
And yet day after day when I come and read this sub I see endless desperate wishing, hoping and begging that people like Amazon will let you use Bitcoin.I'm not saying that wouldn't be nice, but it would be no more than that - nice. And then people get all upset when the naysayers come onto the sub and start laughing at you for suggesting that this is such an amazing goal. They're right, it is not an amazing goal at all - and if all Bitcoin was was yet another way to pay online, just as we do now, I wouldn't be even slightly interested in it.
There is so much more to Bitcoin than this. /rant
submitted by waxwing
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from Bitcoin http://ift.tt/1t1qek0
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