Re:Initial Coin Offerings Horrify a Former S.E.C. Regulator
by kovek on Monday November 27, 2017 @04:18PM
(#15791503)
Sending funds to family in a different country. It's a use case I have not had experience with but which I think makes sense.
Re:Initial Coin Offerings Horrify a Former S.E.C. Regulator
by leereeves on Monday November 27, 2017 @04:46PM
(#15791768)
Is it really cheaper or easier to buy BTC, transfer them, then sell them than to transfer money through a traditional service?
Re:Initial Coin Offerings Horrify a Former S.E.C. Regulator
by nrhk on Monday November 27, 2017 @05:50PM
(#15792399)
Faster and cheaper with segwit not sure what its like currently. I transferred 5k to someone in 40 seconds for like a 20 cent fee with Eth a few months ago, it could be 100k and the fee would stay the same too.
You also get the money immediately without it going through the ACH network.
Re:Initial Coin Offerings Horrify a Former S.E.C. Regulator
by leereeves on Monday November 27, 2017 @11:02PM
(#15794262)
That's if you already have BTC and the person you're transferring to wants BTC, but if you're simply using BTC as a way to transfer fiat money from one country to another, there are more fees and delays in the buying and selling.
Re:Initial Coin Offerings Horrify a Former S.E.C. Regulator
by tombot9000 on Monday November 27, 2017 @04:19PM
(#15791517)
The valuation of BTC is also a derivatives market of illegal activity, something which is not illegal itself.
What are the other major uses (excluding speculation) of BTC?