So guys, in a world where the 10% of total transaction are with BTC, what is the advantages for a normal family? What this kind of money can solve? In particular, if some rich don't spend BTC to increase the value and less BTC are spent, how can deflating happen?
Particular, which CONCRETE advantages can the people get from BTC?
Thank you.
Compare BTC with Western Union.
Currently WU is
proudly advertising their "instant" money transfers that you have to go to a place to collect, for a fee of $5-$10 internationally.
With BTC, you can adjust your fee, even to no transaction fee.(Not recommended)
So a huge advantage of using BTC is that you can save on international transaction fees... Which is pretty huge if you're just transferring, say $15 worth of currency and you have to pay $5 in fees for WU.
Yes. It would be even better if the bitcoin can be used directly in every places. For the time being, we have to exchange it to fiat to spend for most of us.