Re:Bitcoin Is Forking Again
by rpowers on Thursday August 17, 2017 @06:18PM
(#15041584)
I guess I'm not a multi millionaire who needs to transfer that kind of money? What exactly are people buying with bitcoin that cannot be done with standard currencies? Unless it offers some radical access to process or markets standard currencies do not, I just can't see the point.
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I'm sure the parties involved in transferring $160M via an anonymous and untraceable currency had perfectly legitimate reasons for doing so /s.
Re:Bitcoin Is Forking Again
by vocatus_gate on Friday August 18, 2017 @12:11PM
(#15047437)
Wasn't anonymous OR untraceable, which is clearly evidenced by the fact that we all know about it and can see it on the public blockchain.
Ok, then who has the money now?
Wasn't anonymous or untraceable.
Oh, well, if there is no perceived use case for you, then there must not be any use cases, even though someone just pointed out a very specific and valuable use case. That's logical.
Have you used a bank lately? Tried moving money and buying some stocks? Tell me how long that takes from money leaving your account to settlement.
Three days in Australia, and that's enforced by ASIC not the bank. Moving money is instant though, unless it's to a credit union which can take around 24 hours or so.