4 ms·
>Go run a tip system on reddit using fiat currency. changetip is off chain so it doesn't matter what currency you use it would work the exact same. There are
by sanswork 12y ago
>Go run a tip system on reddit using fiat currency.
changetip is off chain so it doesn't matter what currency you use it would work the exact same. There are other micropayment and tipping systems that don't use bitcoin and they are just about as successful as changetip(not very).
>Go try sending money to someone in Ethiopia in fiat currency.
Try sending money to someone in Ethiopia using bitcoin in a way they allows them to actually use it in Ethiopia.
>Ensure nobody can steal your money without you making a mistake first (either giving someone else access, or leaving your wallet password in the open).
Ensure that if you do make a simple mistake(how many relatives do you know that have installed toolbars? Thats the level of simple mistake you have to avoid) you will lose all your money with no recourse.
>Transfer a large sum of money (in excess of, say, 100k) in seconds between an arbitrary sender and receiver.
Large wire transfers are simple and given the cost and difficulty of acquiring 100k worth of bitcoin would almost certainly be cheaper and faster.
- jaimeyap 12y ago> Large wire transfers are simple and given the cost and difficulty of acquiring 100k worth of bitcoin would almost certainly be cheaper and faster. I would add to that safer too. Something goes wrong you can call the banks and they can roll things back. There is a paper trail that works in your favor.