Legit international tranasctions

Mark Cuban, Elon Musk, and several other big wigs looked into using bitcoin for international transaction to avoid exchange fees/rate fluctuations. The issue was bitcoin was to volatile and was actual worst than paying the exchange fees and dealing with exchange rate fluctuations.

Paypal, et al. only work well in the currency you work with not internationally. Not saying there are a bunch of people using bitcoin for legit reasons but there are areas it can work better than the current banking system.

We all know that if bitcoin or other cryptocurrency goes legit the Governments and banking industry of the world will take it over anyway and we are back to what where we are now.

HokieForever

In response to this post by 81_Hokie

Posted: 08/07/2019 at 09:12AM

Cryptocurrency question recently -- HokieForever 08/07/2019 08:34AM

I started the original thread to judge adoption -- MrBayAreaHokie 08/07/2019 11:29AM

What's the worst thing that could happen- live and learn i say ** -- bigbadbird 08/07/2019 10:56AM

You guys realize that bitcoin is not anonymous right? -- vtbones 08/07/2019 09:20AM

Only the wallet id is traceable not who owns it -- HokieForever 08/07/2019 09:34AM

You're confusing wallet ids and wallet addresses. ** -- vtbones 08/07/2019 11:12AM

Okay then explain how I can trace where money went to a person ** -- HokieForever 08/07/2019 11:14AM

It just seems like Enron Part deux.... -- `lag 08/07/2019 08:46AM

People like the flexibility -- HokieForever 08/07/2019 08:52AM

What "flexibility" is that? other than anonymity needed for illicit -- 81_Hokie 08/07/2019 09:03AM

You can’t think of it like the banking that we do -- HokieAl 08/07/2019 09:15AM

Exactly my point. No legitimate need for that flexibility, which again is -- 81_Hokie 08/07/2019 10:07AM

And that's my paradox here, them "having to do it" provides assets... -- `lag 08/07/2019 09:25AM

Privacy. Anonymity isn't just hiding from the government, it's not having -- jmanatVT 08/07/2019 09:14AM

Yeah, imagine you lived in Cypress -- MrBayAreaHokie 08/07/2019 11:37AM

Cyprus? ** -- TomTurkey 08/07/2019 11:59AM

Yeah, typo my bad ** -- MrBayAreaHokie 08/07/2019 12:14PM

Those swamp trees will really get after ya 😎 ** -- TomTurkey 08/07/2019 12:18PM

Topical.....cyprus mentioned -- MrBayAreaHokie 08/07/2019 8:01PM

The dollar is pretty international and much more liquid than bitcoin ** -- 81_Hokie 08/07/2019 10:10AM

Legit international tranasctions -- HokieForever 08/07/2019 09:12AM

Legit international tranasctions

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