Re:Digital coins may be on the verge of going mainstream
by coldtea on Friday August 04, 2017 @03:22AM
(#14926980)
>I love that you asked this question! The very reason it doesn't happen often is because of friction inherent to legacy payment systems. Cryptocurrencies remove this friction in cross-border trade, hence are making such transactions more commonplace. It's like you saying in 1890 "Why buy cars? People don't travel that much." But the invention of cars is precisely what increased the desire to travel.
This argument presupposes what it tries to prove: the utility of cryptocurrencies.
There's no argument in there on why, if it was trivially possible due to cryptocurrency, the desire/need for international payments would increase.
This argument presupposes what it tries to prove: the utility of cryptocurrencies.
There's no argument in there on why, if it was trivially possible due to cryptocurrency, the desire/need for international payments would increase.