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Comment by olegkikin

I disagree. Bitcoin and all the alternatives beat traditional currencies hands down.

• Most of them are not prone to inflation, let alone hyperinflation.

• They work globally. Technically you don't even need the internet to operate - there are SMS gateways for Bitcoin, for example.

• If you control your private keys, no shitty government can't stop you from using your own money (not directly at least), no shitty payment system can freeze your money on ridiculous charges.

• The transmission fees for most of them are a few cents or zero.

Cryptocurrencies are going to win over the traditional fiat ones only because they are a better store of value, the rest of the benefits are extra that will only accelerate this process.

parent olegkikin 9 years ago

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