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Bitcoin is tied to the physical world the same way every other currency is tied to the physical world. Right now you can transfer abstract value you have acquir
by jack_pp 5y ago
Bitcoin is tied to the physical world the same way every other currency is tied to the physical world. Right now you can transfer abstract value you have acquired without a 1-2% fee through bitcoin, which is much easier than doing it via a bank. For example a poker player needing to get 1 million dollars to Monaco to play a tournament would have to pay 1% (10,000$) and wait god knows how long if he went through the banks, with bitcoin that process is much smoother.
- SirMonkey 5y agoIn reality that "poker player" would probably just get a line of credit at the casino[1]. Moving/Getting money is "hard" mostly if you are poor. [1] https://en.wikipedia.org/wiki/High_roller https://en.wikipedia.org/wiki/High_roller
- yunohn 5y ago> For example a poker player needing to get 1 million dollars to Monaco to play a tournament would have to pay 1% (10,000$) and wait god knows how long if he went through the banks Do you have a source for this? I find it hard to believe that high stakes gambling is hindered by banking systems.
- jack_pp 5y agohttps://youtu.be/ObF6w8sNyJo?t=1375 https://youtu.be/ObF6w8sNyJo?t=1375
- ryan93 5y agoyou can do six figure bank transfers for zero fee