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Bitcoin is not anonymous and not meant to be. It never will be and shouldn't be to gain widespread adoption. For the average person, I can list a few reasons:
by daveytea 12y ago
Bitcoin is not anonymous and not meant to be. It never will be and shouldn't be to gain widespread adoption.
For the average person, I can list a few reasons:
- near immediate transfer of money across international borders
- close to zero fees or greatly reduced fees when transferring money internationally
- safe and secure store of value (for the unbanked)
Then there are the future killer apps that will be created
- tipping on the internet (changeTip / Coinbase)
- programatic money
- smart contracts
- pure play digital banking
- ??
It's hard to see how bitcoin could apply to the general public sitting at your computer in a first world country.
But keep in mind there are nearly 5 billion unbanked or unserved people in the world where bitcoin (or similar) will change their life.
- danbruc 12y agoFast transfer, agreed. Cost per transaction is currently between 10 and 20 dollars and has been close to 100 dollars. I don't know what a wire transfer costs but I don't think the advantage is huge if you are only transferring a couple hundred or a few thousand dollars. Safe and secure store - taking malware, hacked exchanges, price fluctuations and the like into account, I am not sure it looks really bright. Future killer apps - let's talk again, when they are real. And tipping, for example, does not look like it could work - transactions are way to expensive to be used to tip a dollar. And when it comes to unbanked people I am not sure that it would be better or easier for them to adopt Bitcoin instead of a traditional banking system.