Re:Bitcoin hits 3-year peak, nears record high on U.S. ETF a...
by TylerE on Thursday February 23, 2017 @02:15PM
(#13716807)
Psuedonymous transactions.
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Re:Bitcoin hits 3-year peak, nears record high on U.S. ETF a...
by clarkmoody on Thursday February 23, 2017 @02:27PM
(#13716900)
I think many people are finding cross-border transactions to be the big draw for Bitcoin, especially in places like Venezuela. Ordinary people are using cryptocurrency to skirt government-imposed monetary controls. They don't care about the privacy angle and aren't trying to obtain illegal / harmful products.
Re:Bitcoin hits 3-year peak, nears record high on U.S. ETF a...
by tcoff91 on Thursday February 23, 2017 @02:20PM
(#13716840)
That's not bitcoin's killer use-case. It's killer use-case is as a store of value.
Re:Bitcoin hits 3-year peak, nears record high on U.S. ETF a...
by ryanlol on Thursday February 23, 2017 @02:55PM
(#13717160)
We already have wire transfers for that, no?
Bitcoin is making value transfers cheap, fast and accessible.
Re:Bitcoin hits 3-year peak, nears record high on U.S. ETF a...
by TylerE on Thursday February 23, 2017 @04:07PM
(#13717790)
You mean slow, expensive, and complicated.
Re:Bitcoin hits 3-year peak, nears record high on U.S. ETF a...
by iopq on Thursday February 23, 2017 @08:27PM
(#13719981)
It's been several days since I've requested a wire and the company debited that balance from my account. There is no sign of the wire anywhere. I assume, I will eventually get it. It will cost me $30 if there are no intermediates (international wire), but more like $45 I imagine.
Re:Bitcoin hits 3-year peak, nears record high on U.S. ETF a...
by ryanlol on Thursday February 23, 2017 @05:39PM
(#13718535)
The first two are so far from the truth that it's really hard to believe you're being sincere.
As for the third, you've clearly not dealt with wire transfers very much. Dealing with SWIFT for example is infinitely more difficult than using bitcoin.