Quote from: octaft on October 24, 2014, 03:38:40 PM

Quote from: marcelus on October 24, 2014, 03:34:55 PM

Quote from: octaft on October 24, 2014, 03:30:41 PM

Quote from: marcelus on October 24, 2014, 03:18:59 PM

Quote from: octaft on October 24, 2014, 03:15:23 PM

Quote from: marcelus on October 24, 2014, 02:42:47 PM

No mate. They don't have to convince consumers. That's the point. They'll never know their money is being sent using the bitcoin network just like people don't know anything about http works when they're surfing the web now. To the consumer, the infrastructure and methodology they use will be the same as it is now. There's no leap of faith they have to make.

https://stripe.com/blog/bitcoin-the-stripe-perspective

I don't really see a whole lot in there that explains why bitcoin will be so much better for your average consumer than credit cards.

Remittances for less than 1% cost as opposed to 10-15%. Not better? Really?

As far as I can tell, nowhere in that link is that mentioned.

It doesn't have to be. That's what it costs now. In a bitcoin-backed payments system there are tiny barriers to entry into the global remittances industry. A company providing payments services has hardly any costs. Competition will ensure wafer thin margins.

So I say there's not a whole lot in there that explains, and your defense of it is to say something that isn't in there? Roll Eyes

It's implicit

These processors don't have a fraction of the costs they would have in the current system. Capital-based barriers to entry are almost non-existent. Anyone who meets AML/KYC and other regulatory rules can become a processor. Of course fees will tumble. I'm hardly engaging in fantasy here am I? It's common sense to me.