Post
Topic
Board Press
Re: [2020-11-25] Head of SEC named the reason for the rise in the price of Bitcoin
by
stompix
on 13/12/2020, 16:43:47 UTC
#stompix  - The fact that you never send any money internationally, does not say that 1000's of other people are not doing it on a daily basis.  Wink

And for the one thousand that do so there are a hundred million that don't. Cheesy
That was my point from the start, stop trying to project your bubble to the whole world!

It has it's benefits and it's cons.. but it is 100% better for me...than having to trust centralized payment systems and even having to deal with them. (Bad Support)  Roll Eyes

What benefits does it have?
Avoiding centralized platforms? How do you transform the money you get as a worker in Europe to bitcoin then from bitcoin to your fiat currency in the home country, not via centralized platforms? Or do you take the 4-5% every time by dealing with p2p or via BATMs?

Just for fun I went to WU and did a simulation on sending 1000 euros to Lesotho



Pick up in minutes, 3E fee and another 4$ lost at fx rates. Want to do the vs BTC costs?
Common, for every migrant worker that sends coins home there are a thousand that use other means, and it would be impossible technically to be the other way around.