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Comment by chx | Hacker News Reader

This is hindsight. He would have been best off staying the fuck away. As I mentioned a billion times cryptocurrencies (which are not currencies either) have zero legal real world use cases, currently the two uses are illegal money transfers out of China and hype. It's the worst sort of gambling: you do not even know the odds.

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>zero legal real world use cases

I pay my VPN using bitcoin. Also have a GPU bought with bitcoin. Just saying.

Yeah, and people have bought pizza, too: http://uk.businessinsider.com/bitcoin-pizza-day-passes-2000-...

Neither does a beautiful hand-crafted glass bong, but there are many people willing to spend thousands of dollars on them and those dollars a perfectly legally useful.

People keep saying things like this but reality does not support this is any way. There are many thousands of places that take cryptocurrency.

Crytocurrencies transactions are significantly cheaper than wire transfers.

That's a real world use case.

Cryptocurrencies are not always cheaper. They used to be but not anymore.

In Europe, I split a 0.36 Euro SEPA fee for a 1000 Euro transaction between two different banks in two different countries.

Bitcoin would have cost me $3-5 if not more.

>zero legal real world use cases

Except for paying people for services and goods with bitcoin? There are plenty of legal venues to use bitcoin.

>It's the worst sort of gambling: you do not even know the odds.

So...like all investing? lol. Like seriously dude what the fuck do you know? Can you please take your blowhard bullshit somewhere else?

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