Equivocation fallacy. By that logic every other available currency in the world ... | Hacker News

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		bduerst on Sept 24, 2014 \| parent \| context \| favorite \| on: BitPay and PayPal Equivocation fallacy. By that logic every other available currency in the world is saving us from the corrupted governments. Hell, the "virtue" of cowry shells can save me from hyperinflation and help protect my free speech! Except people stopped using cowry shells as a currency, just as people stopped using Bitcoins as a currency. Now people hoard/trade them like digital beanie babies. If liquidity and insurance problems ever get solved, then we might see mass adoption.

aianus on Sept 24, 2014 [–]

When $1 million in cowry shells become as simple to smuggle in and out of Argentina as a signed Bitcoin transaction, you'll have a point.

bduerst on Sept 25, 2014 | [–]

So only "True" currencies are $1m signed bitcoin transactions now?

That level of No-True-Scotsman shows confirmation bias. How much have you put into bitcoins?

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