3 ms·
b) bitcoin it's not an accident that they make it so difficult. they are protecting massive revenue streams. bitcoin solves a lot of these problems by giving p
by oldgregg 13y ago
b) bitcoin
it's not an accident that they make it so difficult. they are protecting massive revenue streams. bitcoin solves a lot of these problems by giving people real control over how to move money around. eventually bitcoin wallets will be easy and secure enough that while you might not pay your bills with it, you'll keep a running balance on it just like amazon or itunes credit.
- jacques_chester 13y ago> it's not an accident that they make it so difficult. The easy direct funds transfers in other countries shows that it is an accident. In Australia, opening a bank account requires applicants to show sufficient ID (the 100-points check[1]). It was intended to cut down on money laundering and tax evasion, but as a happy side effect banks have very high assurance about who money is moving from and to. That means that direct deposits don't require the heavy validation that a cheque does. So such transfers are free and usually settle in 24 hours. Often the same day. [1] http://en.wikipedia.org/wiki/100_point_check http://en.wikipedia.org/wiki/100_point_check