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A comment on MobileCoin: A New Cryptocurrency from Moxie Marlinspike. Parent comment

Re:MobileCoin: A New Cryptocurrency from Moxie Marlinspike by knicholes on Friday December 15, 2017 @07:53PM (#15936633)
A wire transfer fee to China would cost me ~$45. Sending it in bitcoin would cost ~$17.
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Re:MobileCoin: A New Cryptocurrency from Moxie Marlinspike by pishpash on Friday December 15, 2017 @08:08PM (#15936704)
While you take on a huge amount of risk. Congratulations on "saving" that $28.

Not to mention since you can't really spend bitcoins you'll have to pay more for conversions to national currencies on both ends.

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Re:MobileCoin: A New Cryptocurrency from Moxie Marlinspike by highd on Friday December 15, 2017 @08:18PM (#15936738)
This is a great example of where crypto would be useful. But it's not the same as paying for pizza.
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Re:MobileCoin: A New Cryptocurrency from Moxie Marlinspike by topmonk on Saturday December 16, 2017 @12:22AM (#15937884)
Actually, even less than that. To get an avg sized txn sent within the next 14 hours it would cost:

226 * 100 * 0.0000001 * $17761 = $4.01

https://bitcoinfees.earn.com/

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Re:MobileCoin: A New Cryptocurrency from Moxie Marlinspike by tehlike on Saturday December 16, 2017 @05:01AM (#15938767)
How much was the exchange difference?
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Re:MobileCoin: A New Cryptocurrency from Moxie Marlinspike by knicholes on Monday December 18, 2017 @12:29PM (#15953375)
No idea. I just went into the bank and said I needed to send money to China.
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