There are thousands of reason why Bitcoin is the future of all commerce. We certainly see some of the transactions between countries and between people happening. There are places where you can buy bitcoins achilles heel coffee with Bitcoin and I see postings that a bitcoins achilles heel can be bought with bitcoin bitcoins achilles heel well.
In the debt-based consumer economy that we live in, we face two situations that Bitcoin can't solve and hence its widespread use is going to be largely limited. As always, comments are welcome. Please click on "Follow "to get the automatic feeds and of course I will appreciate you upvoting and resteeming the post. On point one, I believe that is one of the benefits of bitcoin.
It allows you to make transactions outside of the bitcoins achilles heel system. Right know we do not have many options to execute transactions outside of the debt system. On point two bitcoin is fungible like cash when you pay with cash and return something they do not search the cash register to give you bitcoins achilles heel same bills that you used to pay; they just give you the equivalent amount of money from the money they have at hand.
So with bitcoin if you return anything all they have to do is submit a new transaction from them to you without reversing the original transaction. Good point but as I stated, for cash to be returned to the customer the cash clerk will need to have access to corporate bitcoin private key, just like today they have access to cash tray. While you are correct on stored energy, I would like to point out that out of 16 million coins that have been created first 8 million were not mined. Achilles heel for Bitcoin.
Today, if I don't have bitcoins achilles heel and I want to make a purchase, I can easily do that with credit cards creating debt and in turn money on my free will.
Bitcoin can't do that. No money, no purchases. Traditional festive seasons such as Black Friday sales and Christmas sale period see a massive amount of return of goods which are handled with ease. How do bitcoins achilles heel expect this to be handled via Bitcoin? For this to happen every cash clerk in the stores will need to have bitcoins achilles heel to the private key of Corporate Bitcoin account to be able to give the Bitcoin back to the customer.
And that is so not happening! Authors get paid when people like you upvote their post. Critics of BTC say often that it has no intrinsic bitcoins achilles heel. But this is wrong: It is backed by all owners with the complete blockchain-download It has stored energy in itself, that was needed to compute it Like oil: I don't believe in the internet-switch-off, because if they would do that, they would lose far more than the people.
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