Wednesday, 1 May 2019

Talking about Bitcoin at the ATM

I was at the ATM depositing fiat when this old guy behind me goes:

"Wow! Didn't know you could deposit cash into them. My advice though, don't keep it in there, buy gold or silver."

I said: "Yeah I'm going to be buying digital gold with it, Bitcoin"

He goes: "I don't suggest you buy Bitcoin, buy gold and silver. Probably just silver, you see Bitcoin isn't real money"

I said: "Money is whatever people agree on is money"

He goes: "Yeah okay, but the thing with gold and silver is that you can physically hold it. It has value there. Bitcoin though, where is it? You can't hold it, and the biggest thing is I don't know who owns Bitcoin, is he a good man or is he evil? You just don't know. But with gold, I've got it and no one else can control the gold in my safe"

I knew it wasn't worth wasting my time explaining to him about private keys etc so I just nodded and smiled politely. He then went full baby boomer on a massive tangent. I just waited for him to finish ranting and said "Nice to meet you, thanks for the advice" shook his hand and went on my way.

submitted by /u/justin7942163
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from Bitcoin - The Currency of the Internet http://bit.ly/2ZPvGw0

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