I still don’t get the attraction. It’s still far easier to swipe a credit card to make my purchases.
Are Bitcoin transactions taxable? Considering that it’s worldwide currency online? If not, that’s one way to avoid Comrade Obama’s wealth-redistribution schemes.
“I still don’t get the attraction. It’s still far easier to swipe a credit card to make my purchases”.
I hope you didn’t swipe your card as millions of others have at Target stores and now their personal information is for sale on black markets all over the world. Banks don’t know or care about security, Why? Because they are covered against financial loss but your information is compromised and ends up God knows where.
This cannot happen with Bitcoin. Sound attractive?
What are your fees with bank credit cards?
What are merchant fees with bank credit cards?
Banks are sucking the life out of the economy all for the privilege of using your own money.
Nothing about any of this is attractive to me.
There was a $150,000.000 transfer over the Bitcoin network that is registered for anyone to see with virtually no fees ( pennies/shtoshi ) Do you have any idea what a bank would charge? Forget the hassle with arrangements and paperwork.
Fortunately the world is starting to get the attraction and I hope that you get and secure a small portion of your wealth as a hedge with Bitcoin.