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> This is absolutely the case. Is it? Assuming users don't wish to hold BTC directly, the buys and sells should match up in the long run, and the only costs wi
by marcell 13y ago
> This is absolutely the case.
Is it? Assuming users don't wish to hold BTC directly, the buys and sells should match up in the long run, and the only costs will be exchange fees.
Implementing international remittance will probably help bitcoin liquidity.
- nl 13y agoYes, it is the case right now, because the long-term balance doesn't help the person with short term needs. Go to a Somali refugee camp in Kenya and attempt to exchange your Bitcoin at anything approaching international market rates. This doesn't mean it will always be like that, though. The arbitrage opportunities (if nothing else) make it too attractive for that need to remain unserviced. (I speculate elsewhere about alternative international payment networks may fit perfectly into this model: https://news.ycombinator.com/item?id=6666899 https://news.ycombinator.com/item?id=6666899)