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Moving $10,000 USD to CAD on the blockchain is roughly $399 not $6. This is so disingenuous it's not even funny. There are so many countries that US residents

Moving $10,000 USD to CAD on the blockchain is roughly $399 not $6. This is so disingenuous it's not even funny. There are so many countries that US residents can't send to without going through a middleman, which takes a cut. Bitcoin isn't for sending money to CAD, which of course you can do. It really shines to sending money to places that don't have nearly as much financial infrastructure. A regular wire transfer can take up to 3 days and cost 5-10%. A bitcoin transaction that takes 1 day is cost 1 satoshi per byte. A satoshi is 1/100,000,000 of a bitcoin. Checking a realtime dashboard (https://bitbo.io https://bitbo.io), a satoshi is worth $0.00019225.

arcticbull 6y ago
(1) https://transferwise.com/help/articles/2571942/what-countries-can-i-send-to https://transferwise.com/help/articles/2571942/what-countrie... (2) the countries without infrastructure generally can’t afford to be spending even $6 on a transaction. Venezuela’s minimum wage is $2 per month. (3) Bitcoin isn't for sending money to CAD, which of course you can do. Funny how it’s always not for the thing I point out it doesn’t work for haha. Nobody can quite figure out what it is for except speculation and crime.
- alwillis 6y ago
  Nobody can quite figure out what it is for except speculation and crime. Bitcoin is a non-sovereign, hard-capped supply, global, immutable, decentralized digital store of value. It’s an insurance policy against monetary and fiscal policy irresponsibility from central banks and governments globally.
  - arcticbull 6y ago
    I agree with part (1) but there's no reason (1) implies (2). After all, Chuck-E-Cheese tokens fit a large part of the definition in part (1). After all they're non-sovereign, limited issuance, global, immutable and decentralized. But you'd be hard pressed to find someone who believes that implies Chuck-E-Cheese tokens are an insurance policy against monetary and fiscal policy irresponsibility from central banks and governments globally.
    - deleted 6y ago
      [deleted]
    - brian_cloutier 6y ago
      The phrase "limited issuance" applies to bitcoin far more than it applies to chuck-e-cheese and given the rest of your comments it's clear you already know this. It seems you've decided you hate bitcoin and you're happy to use whatever argument justifies that opinion no matter how flimsy.

arcticbull 6y ago

(1) https://transferwise.com/help/articles/2571942/what-countries-can-i-send-to https://transferwise.com/help/articles/2571942/what-countrie... (2) the countries without infrastructure generally can’t afford to be spending even $6 on a transaction. Venezuela’s minimum wage is $2 per month. (3) Bitcoin isn't for sending money to CAD, which of course you can do. Funny how it’s always not for the thing I point out it doesn’t work for haha. Nobody can quite figure out what it is for except speculation and crime.

alwillis 6y ago
Nobody can quite figure out what it is for except speculation and crime. Bitcoin is a non-sovereign, hard-capped supply, global, immutable, decentralized digital store of value. It’s an insurance policy against monetary and fiscal policy irresponsibility from central banks and governments globally.
- arcticbull 6y ago
  I agree with part (1) but there's no reason (1) implies (2). After all, Chuck-E-Cheese tokens fit a large part of the definition in part (1). After all they're non-sovereign, limited issuance, global, immutable and decentralized. But you'd be hard pressed to find someone who believes that implies Chuck-E-Cheese tokens are an insurance policy against monetary and fiscal policy irresponsibility from central banks and governments globally.
  - deleted 6y ago
    [deleted]
  - brian_cloutier 6y ago
    The phrase "limited issuance" applies to bitcoin far more than it applies to chuck-e-cheese and given the rest of your comments it's clear you already know this. It seems you've decided you hate bitcoin and you're happy to use whatever argument justifies that opinion no matter how flimsy.