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Do you actually think there is no need for money services with Bitcoin? I think you need to stop for a moment and think about this: what would Bitcoin be wort
by betterunix 14y ago
Do you actually think there is no need for money services with Bitcoin? I think you need to stop for a moment and think about this: what would Bitcoin be worth if there were no Bitcoin exchanges?
Western Union can provide a lot of relevant services: escrow, conversion to obscure currencies (or just general exchange), fraud mitigation, etc.
- olefoo 14y ago> fraud mitigation Ah yes. The fraudsters favorite service for irreversible cash transfers will certainly have an advantage there.
- veidr 14y agoOk fine, fraud facilitation then. Also a lucrative segment.
- javert 14y agoI'm not trying to diss Western Union here, I'm just explaining why the other guy said that. But OK, I'll take the bait :). Yes, Western Union can provide a lot of relevant services, but so can _anybody_, and there are already a number of Bitcoin exchanges. To assume that Western Union ought to provide Bitcoin services is like assuming that a horse-and-buggy company ought to start making cars. I mean, sure, it might be a really good idea, but cars are a _revolution_ of the horse-and-buggy, not an _evolution_. Likewise, Bitcoin is a revolution compared to traditional money transfer, not an evolution.