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USD has been the currency of choice for decades for this.. What's the difference? Cash is anon as cryptocoins are.
by laSeek 14y ago
USD has been the currency of choice for decades for this..
What's the difference?
Cash is anon as cryptocoins are.
- jlgreco 14y agoCan't shove a dollar bill down a Cat 5 cable. If you could, I am sure few people would have bothered with crypto-currencies, or for that matter, paypal...
- duaneb 14y agoSending cash is slow, prone to failure (compared to bitcoin, at least), and still potentially trackable.
- laSeek 14y agoBitcoin is slow - the accepted "confirmation" for a payment is 6 confirmations - best case (a tx just before a block is formed and it's included in the block) it'll take an hour. Worst case it's a couple of hours. If you're sane and keep backups then your wallet is safe.. Your HD crashes and you don't have backup.. bye bye funds. Bitcoin in many ways is equiv to cash - just electronic - it's an anon as cash is, as mutable as cash and prone to loss if you don't take care of it. I like it - as a concept it has some nice attributes.