Post
Topic
Board Economics
Re: Billionaires hate Bitcoin.
by
realnowhereman
on 28/03/2012, 21:19:59 UTC
How does sending $4 of cash to hong kong have to do with billionaires?  Even as a poor person, I'm not stupid enough to make small-ticket purchases overseas.

Nothing; I was addressing this point of yours:

Small transactions: cash is faster and 100% secure (money goes from person X to person Y and is verified by counting in 10 seconds or less, vs. bitcoin's 20 minute block confirmation wait).

I'm not stupid enough to buy big-ticket purchases overseas; but I've saved a fortune on small-ticket items that cost a lot more locally.  I've bought loads of little bits from Hong Kong on ebay and never had a single one not arrive.  Cell phone/laptop batteries, camera lens caps, flash cards, USB gadgets, etc.  I had to use Paypal of course, but the merchant's coud have made an additional few percent on the deal if they'd have accepted bitcoins.