Re:Bitcoin is a disaster
by hombre_fatal on Thursday December 31, 2020 @06:34PM
(#25598546)
If you don't live in the US, then it becomes difficult to prove state residency as they want things like pay stubs, cellphone bills, and rent payments. Or you need to find someone who can prove residency and then claim (lie) that you reside (domicile) with them.
I don't have any of that. But maybe you can appreciate that I don't want to have to jump through those hoops just to be able to send someone $100 digitally.
> But maybe you can appreciate that I don't want to have to jump through those hoops just to be able to send someone $100 digitally.
Surely you store fiat currency somewhere, and isn't there a "transfer money" button where you plug in an account number and institution and the money arrives shortly after?
Re:Bitcoin is a disaster
by michaelmrose on Thursday December 31, 2020 @07:39PM
(#25599193)
for almost 1/4 of the population of the US that isn't actually true.
While I assume you're talking about those without bank accounts in this statistic, it's also not true of most bank accounts in the US either so far as I can tell.
The inability to make transfers immediately and without fees between accounts held at different banks is bizarre for those used to UK banking.
Every state I've lived in (13 so far) has an ID card that looks and acts exactly like a driver's license, with the only legal difference being that it is not valid for driving.
Unless you're not in America, in which case someone else can chime in.