> It's actually quite useful to be able to send large quantities of money anywhere in the world without needing a series of intermediaries. The problem is that

> It's actually quite useful to be able to send large quantities of money anywhere in the world without needing a series of intermediaries. The problem is that the vast majority of businesses do not accept Bitcoin and right now Bitcoin is too volatile to store value/buying power. This means that for all practical purposes you need to exchange your local currency for Bitcoin, send it somewhere, then convert it back to fiat currency. That means you require at least 2 intermediaries. Not to mention I would have a hard time trusting any reasonable amount of money to most Bitcoin exchanges.