5 ms·
What is the actual value of that?
by louwrentius 7y ago
What is the actual value of that?
- StavrosK 7y agoBeing able to send money to a friend in the US from Greece has value to me. Currently, I can't do this without a lot of hassle, since there's no overlap between what banking methods we use in Greece and what they use in the US. The problem is that ~0 stores accept cryptocurrencies, so my friend can't do anything with it.
- louwrentius 7y agoSo the actual value is zero.
- StavrosK 7y agoYes, the actual value of everything is zero if you disregard its value.
- LargoLasskhyfv 7y agoWestern Union, Moneygram, Paypal, and so on?
- StavrosK 7y agoNowhere near as convenient, fast or cheap. I guess there's Transferwise, which is still more expensive and slower, plus they banned me as a user, which cryptocurrencies don't do.
- elevenoh 7y agoWhat is the 'actual value' of performing an ecommerce transaction with an asia-based merchant w/ crypto: near-zero fee & instant receipt (+ seconds for 'confirmation') vs. foreign exchange + payment processor fee - which can come to >5%, yes 5% + multi-day bank deposit wait time?
- louwrentius 7y agoYou mean the fee you pay when you covert cryptocurrency to something real and back?
- elevenoh 7y agoResorting to a loaded label fallacy, nice.
- louwrentius 7y agoBut no answer to my question. Damn.