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As a matter of fact :) : for me, it would actually be more easy to ping one of the local miners in my online contacts (I've traded coins before via localbitcoin
by wfn 13y ago
As a matter of fact :) : for me, it would actually be more easy to ping one of the local miners in my online contacts (I've traded coins before via localbitcoins), meet with them, hand them the cash, get the coins to a bitcoin wallet, and send them to SDF, were they to accept bitcoins. (The verification could also be automated that way, and would be real quick.) The alternative would be to go to a local exchanger or bank, probably hand in ID even though I'm only buying $1 for local currency, then go to the PO to buy an envelope and stamps, make sure the dollar bill is not visible from the inside, and actually send the letter out.. oh, and wait for 2-3 weeks because outgoing overseas mail originating from here is slow.
..I guess what I'm saying is that, lo and behold, Bitcoin might actually eventually work as an 'exchanger asset'; I've already discussed with a friend in the UK the possibility / advantages of using BTC to send cash [1] to them (bank transfer from this place would cost >= 15 pounds otherwise). They could then use a UK-based BTC exchanger, or -- find a local bitcoin trader (and yes there are some)!
(Also see: [2]) :)
Just saying!
In any case, I root for SDF, Godspeed you awesome people.
[1] Well, effectively cash: if both of us were to use local miners/traders, I would be effectively depositing cash, and my friend would be taking the cash out of the system. (See illustration in [2]) The process could be further abstracted away if my wallet were set up to automatically send all incoming coins to a pre-specified address; that address could my friend's trader's address where they would be sitting, sipping tea and waiting for the incoming coins, or (if my friend were not to care about anonymity at all) an exchanger's address; the exchanger could be set up to automatically make a local wire transfer (so free / very cheap) to a local UK bank account upon incoming coins; et cetera, et cetera.
[2] http://en.wikipedia.org/wiki/Hawala http://en.wikipedia.org/wiki/Hawala ; & a simple image: http://en.wikipedia.org/wiki/File:Hawala.png http://en.wikipedia.org/wiki/File:Hawala.png
edit expanded footnote1, etc.