Quote from achilles28:
This is really off-base. Bitcoin is LIGHT YEARS ahead of fiat when it comes to portability.
I don't know whom you are trying to convince, I never argued portability...
As for it's second feature - PRIVACY. From what I can tell, this stuff is really private. There is no paper trail.
It is electronic. Each coin can be followed when it was created and when it was spend. That's how we know that large amounts of early coins have never been used. Care to guess why? (I don't know)
The Government no longer knows how much money you have, and where it is.
That is a very good incentive for the government to step in and ban it or crash it.
By the way you do realize that you are supposed to pay taxes on any BTC capital gains?
Secret or not, you have to declare your gains, otherwise you are a taxcheat...Are you telling me thats worth nothing to you?
It is less secret, than people believe. Also, because of the secrecy it encourages fraud. Once you paid, and you don't get the goods, see ya...
Scarcity is obvious.
It is NOT rare. You can not make a popular AND rare currency, that is an oxymoron. Every coin can be divided down into 8 digits. Do the math how rare is that for you.... (11 million (current existing coins) times 10 000 000 units)
