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> You go to your bank and ask them to start a wire transfer. Haha, or, I can just click a single link from a donation page and send ETH from the wallet in my b
by px43 5y ago
> You go to your bank and ask them to start a wire transfer.
Haha, or, I can just click a single link from a donation page and send ETH from the wallet in my browser directly to the organization that I want to support, which I did in the case of Ukraine. No need to log in to any third party website, and the transaction was finalized in ~10 seconds with negligible fees.
- devoutsalsa 5y agoI also did this for Ukraine with BTC.
- Kbelicius 5y agoI scanned a qr code, entered an amount and clicked pay in my banking app. It automatically converted the amount from my local currency to UAH. Negligible or no fee (can't recall and can't check right now). Seems that crypto is just a technical solution to socio-political issues that plague parts of the world.
- SwimSwimHungry 5y agoSure. But one thing cryptocurrency is terrible at is requiring that you do your own op-sec. Maybe you're good at that sort of thing, but because of the inherent lack of controls to reverse transactions made by mistake or accidental fat-fingering other details, such as the address, it's pretty bad for the less tech-savvy. Did you ever bother to check that "single link from a donation page" to make sure it's really the correct one? I love being able to call a bank if my VISA card gets stolen and charged up to high heaven and get that all reversed. Meanwhile, good luck with that NFT that mysteriously landed in your wallet that has bad coding in it to wreck your day. But yes, mass adoption imminent!