Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
ZyclonRacerX
on 08/03/2016, 15:15:30 UTC
...
Westerners / people of developed countries are lucky enough to not even have to care about such low fees, hence why I'm condemning the hypocrisy of "ohh fees are too high", "who cares for bloat, let's just buy larger hard disks for hundreds of $$$" and then also raising the point of how easy it is to "destroy value" by reckless moves - and this happens because BTC is unappreciated.

Alex. Bloating blockchain is irrelevant to people living in developing countries. Because half of mankind lives on ~2 dollars a day.
That half is not going to run a full node -- not @ $20/mo, not @ $40/mo, not even @$5/mo.
That half also can't afford the 8c tx fee you propose, because already spent their $2//day on internet access. Internet is expensive in God-forsaken hellholes.
So let's stop pretending that any of this matters.

Quote
As for those who live in developing countries and value these 3 cents proportionately more they won't complain because they'd lose 100 times that using legacy payment systems to move money around the planet. Immigrants from developing countries know this kind of exploitation by first hand experience, while transferring money back to their countries.

Curious fact #1: The developing world doesn't subsist on WU sent from America. Some of those people work. Or panhandle locally.
Curious fact #2: Sending bitcoin to developing countries is stupid, that's why almost no one does it, because no one accepts it there. Because people need cash there, because the beggars are still using last gen iPhones.
Bitcoin remittance isn't a thing, it's just another implausible use case backstory, which falls apart when met with reality.