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Silk road was one example of a use case that could drive adoption. Liquidity, usability and speed are important for mass adoption; for a niche, that's not neces
by danielharan 13y ago
Silk road was one example of a use case that could drive adoption. Liquidity, usability and speed are important for mass adoption; for a niche, that's not necessarily as big a concern.
Remittances and international transfers might be one niche where BTC could shine. The currency isn't ready to beat VISA when you're buying a coffee, but it could be a hell of a lot better than Western Union.
- kbaker 13y agoBut, remember that Visa doesn't transact immediately in cash-equivalent USD either. There's no reason why they couldn't settle accounts on the merchant and consumer side using BTC instead, with equivalent convenience at the point of sale.