Post
Topic
Board Economics
Re: Limited coins and hoarding
by
FreeTrade
on 05/11/2011, 03:58:49 UTC
Since you're obviously an expert in both, what do you think will motivate a consumer to use an irreversible method like Bitcoins to buy something online instead of their Visa card? 

Some have mentioned cost savings. Another big reason is that the two parties do not need the permission and approval of a third party (Visa) in order to do business. In some situations, this is a huge advantage.