5 ms·

I just made a 400 USDC transfer. I payed 1 USDC in fees.

knorker 5y ago
I regularly make 5 digit USD transfers with no fees at all. But that's with fiat, so… They're also instant (seconds, maybe single digit minutes between banks), but that's because I'm in Europe.
- randomhodler84 5y ago
  And you were at the whim of the banks. They could confiscate your funds, lose the tx, reverse the payments, etc. You are missing what cryptocurrency is about. No banks. No middle man. No censorship. No do-overs. Personal responsibility for wealth. When a person says “but I can do x with bank” they have missed the entire point of the exercise.
  - loceng 5y ago
    And Bitcoin et al is at the whim of the government, example: China ban Bitcoin et al.
    - randomhodler84 5y ago
      Governments can ban whatever they like, it is meaningless. Bitcoin exists. As long as there is a communication channel, transactions will flow. It is a simple thing, and cannot be stopped. Every network level distribution can by bypassed. It is by design.
      - loceng 5y ago
        Right, so here's how the government can easily crack down on Bitcoin - through non-digital communication channels: you get officers to pretend to be normal people, you give them Bitcoin for something you buy from them (legal item or illegal), or they give you something in exchange for Bitcoin, then they arrest you - take your Bitcoin on you, get a warrant to confiscate/search all of your equipment and take any Bitcoin they find or just keep the equipment if it's encrypted - as part of a sting operation. So does your answer stay the same with the above scenario?
        randomhodler84 5y ago
        AntiBitcoin Death Squads. Cool. The kind of fascist future you imagine for society is exactly what we fight against. Yes, my answers does not change, and we will fight to ensure such a future never occurs.
- kobalsky 5y ago
  and I can't wire USD anywhere because my government confiscates any foreign currency deposits and only authorizes outbound transfer for specific operations of specific companies. what you have is a financial privilege that you are not aware of.
  - knorker 5y ago
    > what you have is a financial privilege that you are not aware of. I already said that I'm aware of being in Europe.

I regularly make 5 digit USD transfers with no fees at all. But that's with fiat, so… They're also instant (seconds, maybe single digit minutes between banks), but that's because I'm in Europe.

randomhodler84 5y ago
And you were at the whim of the banks. They could confiscate your funds, lose the tx, reverse the payments, etc. You are missing what cryptocurrency is about. No banks. No middle man. No censorship. No do-overs. Personal responsibility for wealth. When a person says “but I can do x with bank” they have missed the entire point of the exercise.
- loceng 5y ago
  And Bitcoin et al is at the whim of the government, example: China ban Bitcoin et al.
  - randomhodler84 5y ago
    Governments can ban whatever they like, it is meaningless. Bitcoin exists. As long as there is a communication channel, transactions will flow. It is a simple thing, and cannot be stopped. Every network level distribution can by bypassed. It is by design.
    - loceng 5y ago
      Right, so here's how the government can easily crack down on Bitcoin - through non-digital communication channels: you get officers to pretend to be normal people, you give them Bitcoin for something you buy from them (legal item or illegal), or they give you something in exchange for Bitcoin, then they arrest you - take your Bitcoin on you, get a warrant to confiscate/search all of your equipment and take any Bitcoin they find or just keep the equipment if it's encrypted - as part of a sting operation. So does your answer stay the same with the above scenario?
      - randomhodler84 5y ago
        AntiBitcoin Death Squads. Cool. The kind of fascist future you imagine for society is exactly what we fight against. Yes, my answers does not change, and we will fight to ensure such a future never occurs.
kobalsky 5y ago
and I can't wire USD anywhere because my government confiscates any foreign currency deposits and only authorizes outbound transfer for specific operations of specific companies. what you have is a financial privilege that you are not aware of.
- knorker 5y ago
  > what you have is a financial privilege that you are not aware of. I already said that I'm aware of being in Europe.