(2) the countries without infrastructure generally can’t afford to be spending even $6 on a transaction. Venezuela’s minimum wage is $2 per month.
(3) Bitcoin isn't for sending money to CAD, which of course you can do.
Funny how it’s always not for the thing I point out it doesn’t work for haha. Nobody can quite figure out what it is for except speculation and crime.
Bitcoin is a non-sovereign, hard-capped supply, global, immutable, decentralized digital store of value. It’s an insurance policy against monetary and fiscal policy irresponsibility from central banks and governments globally.
After all, Chuck-E-Cheese tokens fit a large part of the definition in part (1). After all they're non-sovereign, limited issuance, global, immutable and decentralized. But you'd be hard pressed to find someone who believes that implies Chuck-E-Cheese tokens are an insurance policy against monetary and fiscal policy irresponsibility from central banks and governments globally.
This is so disingenuous it's not even funny.
There are so many countries that US residents can't send to without going through a middleman, which takes a cut. Bitcoin isn't for sending money to CAD, which of course you can do. It really shines to sending money to places that don't have nearly as much financial infrastructure.
A regular wire transfer can take up to 3 days and cost 5-10%.
A bitcoin transaction that takes 1 day is cost 1 satoshi per byte. A satoshi is 1/100,000,000 of a bitcoin. Checking a realtime dashboard (https://bitbo.io), a satoshi is worth $0.00019225.