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Well, take the upsides of cash (e.g. don't need to open a bank, prove residence, etc.) and now add the ability to exchange it digitally without the pointless ga
by hombre_fatal 6y ago
Well, take the upsides of cash (e.g. don't need to open a bank, prove residence, etc.) and now add the ability to exchange it digitally without the pointless gatekeeping of large corporations like Paypal.
- rjurney 6y agoWho will be the largest Bitcoin vendor because they are trusted.
- seibelj 6y agoBut they won’t be the only vendor. There is no license required that gives them a monopoly on bitcoin. If they serve a market segment, great! Others will use something else. Bitcoin is entirely open - it’s a protocol.
- rjurney 6y agoSo is EDI used by banks with other currencies. I am old enough to have used it :)
- hombre_fatal 6y agoThat's fine. Bitcoin adoption by these institutions makes it easier for people to receive it who don't actually want to hold it. Still, note that you don't need Paypal to move Bitcoin.