Still Early Days Boys -- News Article on http://ift.tt/2wWbvBA Shows How Skeptical People Are
Yahoo!Finance published an article on how Overstock was the first major retailer to accept Bitcoin and other crypto currencies as a form of payment.
Below are the top comments from users. The quotes show how the public is still extremely skeptical about crypto currencies and don't appreciate how blockchain tech brings to the table. Still early days boys so load up!
Steve: Bitcoin is only worth what someone else is willing to pay. Intrinsic value =$0.00. Bitcoins are this decade's Beanie Babies.
WiseGuy: Bitcoin and other so-called "crypto" currencies are good for money launderers, tax evaders, criminal cartels etc. Enjoy your stash until the whole thing explodes.
oliver: What is a Bitcoin investor ? Bitcoin is pure Speculation and is used widely to transfer money out where are restrictions see China, Russia, Venezuela, India where 80% are traded. The rest are speculants, not investors, who hopped on this train. No serious investor sees Bitcoin as an investment.
MJS: Bad Idea. Like saying i'll accept tulips for payment.
UBanIdiot: Bitcoin is a fraud underpinned by fairy dust and greedy dreams. Someday all will know it as -itcoin, preceded by Sh-.
GaryD: Currencies were invented as way for man to trade goods using a predictable measure of value. If you don't know what your currency will be worth in terms of goods and services from day to day, that currency is useless and will collapse. Bitcoin will collapse, it's just a question of when.
JC: Caribbean currencies of third world dictatorships don't fluctuate as wildly as bitcoin. Its why it will never be mainstream or widely accepted as a primary financial tool except for speculators in America.
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