Post
Topic
Board Bitcoin Discussion
Re: Right now the Bitcoin trade is dependent on the banking system, how to fix that?
by
malaimult
on 03/07/2015, 11:02:06 UTC
I honestly see moving forward; especially when we halve in 2016, scarcity taking hold.

Truth is, you can save major money by using BTC. From Purse, to Gyft, to a dozen other services. And companies like Coinbase and most other "Buy Bitcoin" exchanges charge a mark up.

In addition, with the FinCEN rulings; there is all sorts of additional paperwork now to buy BTC legitamaley. Even Coinbase, where I've bought countless times, level 3; $50,000 limit, sent me an email: They need copies of my government issued ID now.

So it's getting harder to get. Look at the mark ups on Local Bitcoin. People actually pay $450 for a $260 token.

Crazy.