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Re:Bitcoin faces regulatory crackdown, Bank of England warns by UncleMeat on Friday March 02, 2018 @02:09PM (#16504690)
I can't believe this. Develop a worldwide distributed network. List fast and cheap international transfers as a major selling point. Say that the most effective way of entering or leaving this network requires physically meeting somebody and exchanging cash.

How is this not seen as an outrageous problem?

Re:Bitcoin faces regulatory crackdown, Bank of England warns by d0lph on Friday March 02, 2018 @02:36PM (#16504890)
> Say that the most effective way of entering or leaving this network requires physically meeting somebody and exchanging cash.

Missed the part where I said that, perhaps you could point it out?

We are discussing a world where bitcoins are illegal, obviously the solution will be a bit sketchy.

Re:Bitcoin faces regulatory crackdown, Bank of England warns by monkeyfoop on Friday March 02, 2018 @09:00PM (#16507393)
We don't need paper to trade.

I get paid in Bitcoin Cash and same with my employees.

Buy and sell goods for BCH. Why is there a need to convert to these papers, metals (, and cotton, etc)?

Don't see why I should pay above a 1c fee to send money from point A to point B.

Also do not understand why I must drive to an ATM where usually homeless people sleep.

Re:Bitcoin faces regulatory crackdown, Bank of England warns by IntronExon on Friday March 02, 2018 @09:05PM (#16507421)
Also do not understand why I must drive to an ATM where usually homeless people sleep.

Is this some kind of anonymous performance art? I have trouble believing that people like this really exist in a form that knows how to turn their computer on.

Re:Bitcoin faces regulatory crackdown, Bank of England warns by monkeyfoop on Sunday March 04, 2018 @01:41PM (#16515864)
?
Re:Bitcoin faces regulatory crackdown, Bank of England warns by squeegee5 on Friday March 02, 2018 @03:53PM (#16505586)
Why do you have to physically meet to exchange cash? Parties that trust each other can trade BTC for SWIFT or SEPA payment.