Post
Topic
Board Bitcoin Discussion
Re: Stop saying Bitcoin is good for money transfer. It isn't.
by
vongesell
on 12/09/2013, 20:38:10 UTC
He doesnt even need to transfer the BTC just tell his uncle over the phone the password.  His uncle then assumes control of that account immediately
And then what, how does he get that BTC to the share holders whom are probably expecting FIAT? In the answer to that we are back at square one: solving the huge latency and burden when wanting to go from BTC to FIAT.