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Sooo… do you think it’s better to have higher transfer fees? Seems like a no-brainer win though? Even if it doesn’t revolutionize the country
by dadoge 5y ago
Sooo… do you think it’s better to have higher transfer fees?
Seems like a no-brainer win though? Even if it doesn’t revolutionize the country
- TomSwirly 5y ago> Sooo... do you think it’s better to have higher transfer fees? So many conversations with Bitcoin advocates involve them putting ridiculous statements into the mouths of others. No one said that or anything like it.
- gjulianm 5y agoObviously I prefer lower fees. But integrating Bitcoin is not a guarantee that actual, practical fees will be lower. Given the risks of adopting Bitcoin (volatility, fixed economic policy, complexity, difficulty of use), I think potential benefits must be higher than “we maybe get lower transfer fees, or not”.
- danso 5y agoYour original comment claimed that El Salvador spends 22% of its GDP on transfer fees. You've since corrected it to say that the 22% estimate is for the remittances themselves. So why are you acting as if "higher transfer fees" is an accepted premise?