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I mean that when I've asked people what utility they get out of blockchain they mention the ability to send BTC overseas quickly and easily, to countries in whi
by kareemsabri 4y ago
I mean that when I've asked people what utility they get out of blockchain they mention the ability to send BTC overseas quickly and easily, to countries in which it's difficult to send money. I assume they're not lying about that use case.
- melenaboija 4y agoThey send nothing as BTC is not located anywhere. They buy and sell btc with fiat currencies, that is all.
- btilly 4y agoIn practice transferwise (now wise) is able to transfer money more easily and with much lower fees. At least if your needs match normal consumer needs. This switches if you need to transfer millions of dollars, or you're trying to pay for something illegal. Which is why one of Bitcoin's significant real-world uses is for ransomware. It does indeed make it easy to launder millions of dollars of money across national boundaries. https://www.npr.org/2021/06/10/1004874311/how-bitcoin-has-fueled-ransomware-attacks https://www.npr.org/2021/06/10/1004874311/how-bitcoin-has-fu...