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Only in a fictional world where everyone uses bitcoin does it work. Why "everyone"? Wouldn't it be enough if a shop that has something that you want to buy ac
by moe 12y ago
Only in a fictional world where everyone uses bitcoin does it work.
Why "everyone"? Wouldn't it be enough if a shop that has something that you want to buy accepts it?
There's a great many shops accepting Bitcoin today already.
- Someone1234 12y agoStill costs me $2.59 to transfer into bitcoin even in that scenario. Certainly doesn't result in: > You can transport value across the world instantly, with no intermediaries. This is a major efficiency gain. Since (A) there is an intermediary and (B) it is not efficiency (which I'm assuming is a euphemism for cheap anyway).
- moe 12y agoI think you are unfairly generalising from your personal use-case. Efficiency can also mean "time" or "being able to do it at all". There's scenarios where TransferWise, MoneyGram, WesternUnion etc. either don't work or ask for extremely high fees. It can also be simply inconvenient to go to the physical pick up locations of MG/WU. Keep in mind most people in the world are not blessed with 3 different banks and a starbucks within walking distance.