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One major reason why Bitcoin is used in the West is that it enables integrity and privacy when making online purchases, as opposed to bank-issued cards. I've u
by mbrock 11y ago
One major reason why Bitcoin is used in the West is that it enables integrity and privacy when making online purchases, as opposed to bank-issued cards.
I've used BTC in an emergency situation, to transfer money when I would otherwise have needed to wait for several days for an international bank transfer (and then would also have hit my bank's foreign ATM withdrawal limit).
Your third paragraph is a veiled insult based on a notion that if applied consistently would deem the international banking system at least as immoral as Bitcoin.
- ChemicalWarfare 11y agoNot hating on Bitcoin, but just to set the record straight - unless you're going through some extra hoops like mixers etc - the level of privacy you get with Bitcoin is less than what you get with a CC payment.
- mbrock 11y agoIf you buy BTC with cash and have it sent to a fresh wallet, that's quite some privacy—but yes, it's important to be aware of this stuff.