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A comment on Do kwon sent $80M a month to secret wallets?. Parent comment

Re:Do kwon sent $80M a month to secret wallets? by cypress66 on Thursday June 09, 2022 @04:41PM (#31686577)
A technology doesn't need to revolutionize the world in order to be good. The bitcoin white paper itself says that fiat electronic payments work well enough for most transactions.

In my case crypto helps me receive money internationally, in a country where it's a huge pain in the ass otherwise. Just because you don't have a use case does not mean something has no use cases.

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Re:Do kwon sent $80M a month to secret wallets? by codebje on Thursday June 09, 2022 @04:47PM (#31686640)
How do you convert that received crypto into spendable cash?
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Re:Do kwon sent $80M a month to secret wallets? by cypress66 on Thursday June 09, 2022 @06:00PM (#31687495)
Face to face
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Re:Do kwon sent $80M a month to secret wallets? by cinntaile on Thursday June 09, 2022 @04:54PM (#31686727)
He likely uses an exchange.
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Re:Do kwon sent $80M a month to secret wallets? by codebje on Thursday June 09, 2022 @05:25PM (#31687099)
Are the exchanges local, or is he doing an international money transfer from the exchange anyway? Trying to find where the value offered by the crypto is, but every way I can see for this to work still involves an international transfer.
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Re:Do kwon sent $80M a month to secret wallets? by cinntaile on Saturday June 11, 2022 @08:13AM (#31703908)
The value is paying less in transaction fees, if it was cheaper to use regular bank transactions he would do that instead.

He specified he didn't use an exchange by the way, but the reason is the same. It's cheaper.

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Re:Do kwon sent $80M a month to secret wallets? by Scoundreller on Thursday June 09, 2022 @04:57PM (#31686776)
Which country?
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Re:Do kwon sent $80M a month to secret wallets? by cypress66 on Thursday June 09, 2022 @06:00PM (#31687486)
Argentina
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Re:Do kwon sent $80M a month to secret wallets? by hahaxdxd123 on Thursday June 09, 2022 @07:37PM (#31688324)
Western Union works fairly well there and I got the same price
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