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<p>[QUOTE="Lesbian Cow, post: 3055657, member: 74735"]Bitcoin is backed by math. The same math that backs the laws of the universe. Math has "staying power". Just because you have not bothered to understand it, or lack the mental faculties to do so, does not mean it is not understandable for the general public. Quite a few of us understand math.</p><p><br /></p><p>As for your merchant acceptance difficulties - 1) not really, payment processors such as Coinbase and Bitpay immediately turn bitcoin payments into fiat currencies for their merchant customers eliminating market fluctuation risk. They do this with fees lower than credit card processors. 2) Try paying with Gold or Silver next time you are at a merchant.</p><p><br /></p><p>If you think backing a crypto currency by a government is a good idea you do not understand the main reason for crypto currency's existence. The entire point is not having to trust a 3rd party with your monies.[/QUOTE]</p><p><br /></p>
[QUOTE="Lesbian Cow, post: 3055657, member: 74735"]Bitcoin is backed by math. The same math that backs the laws of the universe. Math has "staying power". Just because you have not bothered to understand it, or lack the mental faculties to do so, does not mean it is not understandable for the general public. Quite a few of us understand math. As for your merchant acceptance difficulties - 1) not really, payment processors such as Coinbase and Bitpay immediately turn bitcoin payments into fiat currencies for their merchant customers eliminating market fluctuation risk. They do this with fees lower than credit card processors. 2) Try paying with Gold or Silver next time you are at a merchant. If you think backing a crypto currency by a government is a good idea you do not understand the main reason for crypto currency's existence. The entire point is not having to trust a 3rd party with your monies.[/QUOTE]
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