Re:Bitcoin Is Creeping into Real Estate Deals
by BoorishBears on Tuesday November 21, 2017 @04:58PM
(#15751983)
>Near instant worldwide transfer of funds with low fees
>Of course the fees are still high
Re:Bitcoin Is Creeping into Real Estate Deals
by jabberbyte on Tuesday November 21, 2017 @05:23PM
(#15752186)
He is comparing to traditional wiring.
> 7 days, $50-$100 in fees.
So it's still faster.
Re:Bitcoin Is Creeping into Real Estate Deals
by BoorishBears on Wednesday November 22, 2017 @01:11AM
(#15754685)
There are middle grounds between traditional transfers and Bitcoin transfers:
https://www.worldremit.com/en/help/sending-money
Most methods of receiving mentions are instant
Re:Bitcoin Is Creeping into Real Estate Deals
by jabberbyte on Wednesday November 22, 2017 @09:49AM
(#15757114)
Fair point but the blockchain eliminates the need for middle man and their fees due to its nature of being a Trust Protocol.
Of course the fees are still high but I imagine they will come down if bitcoin wants to see mass adoption.
Immutable, anonymous, and decentralized ledger.
Those are attributes of blockchain technology rather than bitcoin itself though. It's possible another cryptocurrency (litecoin anyone?) will dethrone bitcoin as the 'currency' and bitcoin will remain a store of value.