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Bitcoin? No way. We might as well use Facebook credits. Getting Aunt Martha to trust some sketchy form of 'money' to make an online payment is going to be exceptionally difficult. Imagine suing for damages in bitcoins -- it's not a legal currency anywhere. It's a digital version of trading goats.



I can buy and sell goats well enough....


We actually have a couple of goats we'd like to sell, but are having trouble finding a buyer.

Goats-as-currency have very poor liquidity, fungibility, and divisibility.

Bah. Baaaah.


"Getting Aunt Martha to trust some sketchy form of 'money' to make an online payment is going to be exceptionally difficult."

Really? Then how did Aunt Martha ever get to trust some sketchy online auction site called "ebay"?


Tens/hundreds of millions of dollars of marketing?




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