Post
Topic
Board Announcements (Altcoins)
Re: [ANN][VRC] | VeriCoin | POS - NSDI | VeriBit | VeriSend | VeriSMS
by
Shinraven
on 24/08/2014, 15:46:32 UTC

So to the question aunt Emma and Joe Sixpack are asking


1. Why should we take the risk of using vericoin* if we already have a credit card and a paypal account, which offers me security features like charge backs and advantages like credit (CCs) or zero fees for online payments (paypal)?


Your answer is


you can always use paypal if you dont trust the digital currency system. as for me, i avoid using paypal since their exchange rates are very low. (usd to another currency)

And you pretend to convince them?


Apart from that, knowing that you use paypal to exchange usd to another currency, we could say that thats not exactly what mainstream use means, you know.

"Mainstream use" as the devs and everyone else understand means

1. Vericoin will be used for online purchases as much or little less than Paypal, CCs and BTC

2. Vericoin will be used for sending money worldwide more than BTC and western union

If this is the "mainstream use" we are talking about we should start asking ourselves if vericoin has to offer at least the same advantages as they do...

Because you know don´t expect aunt Emma and Joe Sixpack switching to VRC if there are no obvious advantages apart from being easier to use or get than BTC and a theorical 3% savings


then don't, but there will be myself and others included who will.. short to mid term, the VISA card will help.. but that is not the long term goal… digital currency infrastructure has to be built and improved upon and make the tech more user friendly..

I think #2 holds the most potential especially in 3rd world countries. Majority of users here already have access to credit cards, banks, atm etc. For someone sending money to family overseas, this would be a great option. Western union and similar companies charge a massive premium.