5 ms·

> The fact that your uncle is not "looking for web3" does not mean that other people are not using it. the fact that a couple of your friends are using it, do

> The fact that your uncle is not "looking for web3" does not mean that other people are not using it. the fact that a couple of your friends are using it, doesn't make it "Letterman interviewing Gates" material. (btw, Letterman was being facetious, as per usual Letterman) > And, fiy, I was born and raised in Brazil. which is 10th economy by GDP in the World, just below Italy, my country, in front of many of what you called "privileged" European countries, such as Spain or the Netherlands... More importantly: sending money to Brazil from Europe costs me a fixed Euro 0.5-0.6, plus maximum 1% of the sum (if sending up to Euro 115, less if sending more). Very cheap, if you ask me. > Your instinct is wrong. I can not do anything about that. You could tell us why you are not able to explain what's the advantage for the average internet user, except avoiding taxes and hiding money...

rglullis 4y ago
> 10th economy by GDP in the World Look at the numbers per capita, and look at the economic inequality indicators. > sending money to Brazil from Europe How much of these 100€ are going to get to the hands of the recipient, if sent by the "traditional" route? How fast can this money be made available to the recipient? What exchange rate is going to be used, the one offered to big international traders or the shitty one that banks offer to tourists? How much will be taken in fees by the banks? (not taxes, fees...). I'll tell you: there is a good chance that middlemen are going to eat 7-12% of those 100€, just because they can and no competitor can challenge them. And this is only for the first movement. What if the recipient in Brazil wants to have the money to buy something back in any other part of the world? > You could tell us why you are not able to explain what's the advantage for the average internet user Much like Bill Gates could not really explain the advantage of the internet to a privileged person in 1990's America? Honestly?! I am tired. I might be throwing tens of different possible use-cases, and to all of them your reaction will be "I can do that already, all I need is <insert middleman service provider>". There isn't much to say, is there? If you are satisfied with the status quo and you don't see a need for decentralized technology meant for disintermediation, good for you.
- peoplefromibiza 4y ago
  > How much of these 100€ are going to get to the hands of the recipient, if sent by the "traditional" route? Are you trolling or what? If I send 100 euros to Brazil it will cost me 101.6 euros. I pay the fee. The recipient gets the 100. If the recipient pays the fee, they get the 98.4% of it. If I send 1,000 euros, it will cost 9.5 euros to send. The recipient get > 99% how much does it cost to move money over web3 wallets? because it is not free.. they can be free if you move them from a coinbase wallet to another coinbase wallet (for example) If I have to chose, I prefer centralized banks over centralized coinbase. > Much like Bill Gates could not really explain the advantage of the internet to a privileged person in 1990's America? Bill Gates in the 90s wanted to sell MSN not internet. You got your facts completely wrong. And you can't still explain the advantages. Except "it's hidden from governments, it cuts the middle man, I don't pay taxes over it" like if maintaining the network was free. Go hide your money and avoid your taxes if you like, but people don't want that. They want safe tools, not useless, mob oriented, expensive scams. If you really believe that people would prefer an insecure web3 wallet that has no safety and offer no guarantees, over a system like SEPA, you're delusional or a criminal. > What if the recipient in Brazil wants to have the money to buy something back in any other part of the world? Drug cartels do it all the time and they pay up to 40% in fees. If that's your business, understand that it's a costly one. If your only argument is "international, probably illegal, traffic of goods is gonna be easier" well, it's a very poor argument. Imagine now that we are sanctioning Russia for invading Ukraine what would happen if everybody could freely make business with Russia unpunished. Do you really think it would be a better World?
  - rglullis 4y ago
    You send Euros. The recipient gets Brazilian Reais. This exchange fee goes through a bank. The bank takes more fees. You continue to argue from a vantage point of someone who does not understand how the other side works and who only see the abstractions. That is perfectly fine, and I am glad that you are fortunate enough to not need to learn that. But don't pretend that you understand all the costs involved, or how the sausage is made, or even that your solutions are applicable to everyone else. I'm done here.
  - 4y ago

rglullis 4y ago

> 10th economy by GDP in the World Look at the numbers per capita, and look at the economic inequality indicators. > sending money to Brazil from Europe How much of these 100€ are going to get to the hands of the recipient, if sent by the "traditional" route? How fast can this money be made available to the recipient? What exchange rate is going to be used, the one offered to big international traders or the shitty one that banks offer to tourists? How much will be taken in fees by the banks? (not taxes, fees...). I'll tell you: there is a good chance that middlemen are going to eat 7-12% of those 100€, just because they can and no competitor can challenge them. And this is only for the first movement. What if the recipient in Brazil wants to have the money to buy something back in any other part of the world? > You could tell us why you are not able to explain what's the advantage for the average internet user Much like Bill Gates could not really explain the advantage of the internet to a privileged person in 1990's America? Honestly?! I am tired. I might be throwing tens of different possible use-cases, and to all of them your reaction will be "I can do that already, all I need is <insert middleman service provider>". There isn't much to say, is there? If you are satisfied with the status quo and you don't see a need for decentralized technology meant for disintermediation, good for you.

peoplefromibiza 4y ago
> How much of these 100€ are going to get to the hands of the recipient, if sent by the "traditional" route? Are you trolling or what? If I send 100 euros to Brazil it will cost me 101.6 euros. I pay the fee. The recipient gets the 100. If the recipient pays the fee, they get the 98.4% of it. If I send 1,000 euros, it will cost 9.5 euros to send. The recipient get > 99% how much does it cost to move money over web3 wallets? because it is not free.. they can be free if you move them from a coinbase wallet to another coinbase wallet (for example) If I have to chose, I prefer centralized banks over centralized coinbase. > Much like Bill Gates could not really explain the advantage of the internet to a privileged person in 1990's America? Bill Gates in the 90s wanted to sell MSN not internet. You got your facts completely wrong. And you can't still explain the advantages. Except "it's hidden from governments, it cuts the middle man, I don't pay taxes over it" like if maintaining the network was free. Go hide your money and avoid your taxes if you like, but people don't want that. They want safe tools, not useless, mob oriented, expensive scams. If you really believe that people would prefer an insecure web3 wallet that has no safety and offer no guarantees, over a system like SEPA, you're delusional or a criminal. > What if the recipient in Brazil wants to have the money to buy something back in any other part of the world? Drug cartels do it all the time and they pay up to 40% in fees. If that's your business, understand that it's a costly one. If your only argument is "international, probably illegal, traffic of goods is gonna be easier" well, it's a very poor argument. Imagine now that we are sanctioning Russia for invading Ukraine what would happen if everybody could freely make business with Russia unpunished. Do you really think it would be a better World?
- rglullis 4y ago
  You send Euros. The recipient gets Brazilian Reais. This exchange fee goes through a bank. The bank takes more fees. You continue to argue from a vantage point of someone who does not understand how the other side works and who only see the abstractions. That is perfectly fine, and I am glad that you are fortunate enough to not need to learn that. But don't pretend that you understand all the costs involved, or how the sausage is made, or even that your solutions are applicable to everyone else. I'm done here.
- 4y ago