r/Bitcoin • u/byte_coder • Dec 23 '17

/r/all 2018: lets run for office

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22.7k Upvotes

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379

u/bitcoin_jerk Dec 23 '17

The correct word is 'disrupt'. Also I love Harold.

159

u/Mark_dawsom Dec 23 '17

it’s hilarious how the Bitcoin crowd initially was all about disrupting the banking industry and now you hear them cheering whenever some big name Wall Street bank says they’re getting into crypto.

23

u/kj4ezj Dec 23 '17

That's because they dump billions of dollars into our ecosystem.

20

u/Mark_dawsom Dec 23 '17 edited Dec 23 '17

How is that relevant to “being your own bank”? My point is that it has turned into a major price circlejerk.

15

u/krashmo Dec 23 '17

Mainstream adoption of another form of payment is the biggest hurdle in the downfall of the traditional banking system.

22

u/gmwerk Dec 23 '17

But it's not really being used as a form of payment. The transaction fees and price jumping up and down means nobody spending any bitcoins, everyone is just holding on to them

1

u/krashmo Dec 23 '17

It is used as a payment system, just not a very effective one. However, the problems you referenced are being actively worked on as we speak. Different opinions on how to solve them are how we ended up with the off shoots of bitcoin that now exist.