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For a very large number of people, these aren't "extremely niche use cases." Something more comparable to Bitcoin than regular banking would be Western Union;
by lambda 10y ago
For a very large number of people, these aren't "extremely niche use cases."
Something more comparable to Bitcoin than regular banking would be Western Union; they make 5 billion dollars a year in revenue transferring money. And they charge vastly higher rates than the Bitcoin network does, charging in the 5-10% range for for transactions, which is a pretty hefty overhead.
- FireBeyond 10y agoNot the same since it's on the mining, not the transactions, but here we have the founders taking 20% of the value of the network for the first four years. That's a decent overhead, too.