It’s easier and cheaper to use bank wires than Bitcoin

Re:It’s easier and cheaper to use bank wires than Bitcoin by dlp211 on Thursday September 29, 2016 @01:07PM (#12606924)

But bitcoin needs to be transformed back into a currency at some point to use it. There is no point in a wire transfer if the person at the other end isn't going to use it.

Yes, some retailers accept bitcoin, most don't.

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Re:It’s easier and cheaper to use bank wires than Bitcoin by isfield on Thursday September 29, 2016 @01:40PM (#12607199)

I always felt the dream with BTC was to trade without the need to convert back. That BTC be a competing but decentralized currency - in its own right.

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Re:It’s easier and cheaper to use bank wires than Bitcoin by mywittyname on Thursday September 29, 2016 @01:18PM (#12607016)

Even those that do price in their local currency.

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Re:It’s easier and cheaper to use bank wires than Bitcoin by hx87 on Thursday September 29, 2016 @01:55PM (#12607341)

Looks like Bitcoin still hasn't achieved unit-of-account status yet, even among those who use it as a medium of exchange.

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