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lol +1 on the irony. ecosystem-wise I think it's a bit too harsh :) Bitcoin's p2p network does work (not without hiccups of course) - if I wanted to I could se
by ChemicalWarfare 10y ago
lol +1 on the irony.
ecosystem-wise I think it's a bit too harsh :)
Bitcoin's p2p network does work (not without hiccups of course) - if I wanted to I could send btc to someone in say Brazil or Malaysia and it WILL work after all. And in some respects it will work smoother than trying to send fiat there.
- daveguy 10y agoYou can use western union to send money all around the world without anyone having any accounts on a blockchain or any accounts in an exchange necessary to turn bitcoin into fiat that can actually use in the destination country. I would say it is cheaper to send bitcoin, and maybe smoother for two regular users of bitcoin (and who shop online at bitcoin accepting businesses). However, that description applying to any two people is extraordinarily rare. It is still definitely smoother, but more expensive, to send fiat. The infrastructure is already in place.
- ChemicalWarfare 10y agoI'm not saying bitcoins ecosystem is more evolved than fiat, merely pointing out that it does exist beyond the 'key database' factor as it does allow transfer of value between counterparties around the world. Whether the actual experience of that transfer is 'better' than fiat (WU, Swift, etc) is a different story and yes that would depend on the parties involved.
- aianus 10y ago> I would say it is cheaper to send bitcoin, and maybe smoother for two regular users of bitcoin (and who shop online at bitcoin accepting businesses). In many places it's easier to sign up for a Bitcoin exchange from your couch than to drive to Western Union. I can personally vouch for the US, Canada, and Thailand, where I've had experience with it.