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Which is why many places don't accept checks. In other words they don't consider it a valid currency.
by jussij 13y ago
Which is why many places don't accept checks. In other words they don't consider it a valid currency.
- jeffasinger 13y agoYea, bitcoin almost completely fails as a currency when the receiver doesn't have an internet connection.
- lostlogin 13y agoHell, some of us don't even accept the word checks! Let alone cheques which seem archaic to someone who doesn't ever use cash (last used about 6 months ago), regularly used... Never.
- Klinky 13y agoMany people still receive their pay in the form of a paper check. I personally pay my rent with a paper check, or at least have my bank send one out. Debit cards are certainly more popular and less risky than your personal check though.
- BHSPitMonkey 13y agoGenerally your employer isn't going anywhere, and if a paycheck bounces, you will see them the next day and raise the issue (also, they are legally bound to make good on that debt). I wouldn't take a one-time contract job and expect to get paid by check after handing over the work, any more than I would accept a check from a Craigslist user in exchange for an item (unless the check was allowed to clear prior to my side of the exchange occurring).
- Klinky 13y agoI would not say that a Bitcoin Check is the best way to facilitate immediate private party sales, but business to consumer sales/importation may be possible with a Bitcoin Check, as the supplier can clear the check before sending goods. Additionally there could be satellite hotspots that could act as exchanges when landline or wireless networks are down. Bitcoin is probably not perfect, but could be useful for money transfer even in areas where the net isn't robust.