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> pretty much exactly like opening a bank account You don't have to go anywhere, you don't have to provide any kind of ID or documentation, you don't have to w
by centimeter 6y ago
> pretty much exactly like opening a bank account
You don't have to go anywhere, you don't have to provide any kind of ID or documentation, you don't have to wait around for a free salesperson.
> but transactions take forever
Bitcoin transactions are instantaneous. Look up "settlement cycle" if you want to make a direct comparison. Bitcoin final settlement usually takes about an hour, compared to anywhere from several days to several months for traditional payment. Credit card settlement is usually 60-90 days.
> they cost money
It costs less than a dollar to move ~any amount of money anywhere in the world with ~1hr settlement. A credit card usually costs something like $0.25 + 3%.
> the currency is not accepted by any business I use... I have 55€ in my wallet and everyone on this continent knows what to do with it.
I have AU$80 in my wallet and I'm pretty sure no one on your continent would take it.
In fact, last time I traveled to SE Asia none of my debit cards worked for cash withdrawal and the only way I was able to get cash was with a Bitcoin ATM. So it worked very well for me!