Re:Bitcoin is a disaster
by marcus_holmes on Thursday December 31, 2020 @09:26PM
(#25600207)
I had enormous problems trying to do anything with Transferwise from Cambodia. It's still plagued with problems left over from the conventional banking system.
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This loops back to one of the few things cryptocurrencies do well: they're extrajudicial, so they're often used for illegal transactions (drugs, ransom, bypassing sanctions). Bitcoin just happens to be really bad for this since the blockchain is forever.