Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

You pay the same price for coffee but you will certainly pay more for coffee beans, the market will only absorb the difference for a while.

I wasn't drawing an analogy between bitcoins and debit cards. I was taking about how a bank lets me access my money vs me having direct access to it. I cannot get cash in a foreign country without my bank cooperating unless I carry a world recognized currency (USD, Euro) in cash and try to exchange it somewhere.

The problem is that you read a comparison as an analogy. It's a comparison of our current dependency on the banking system vs bitcoins relative independence from the same.



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: