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Title: Hmmm, western union or bitcoin? Post by: validium on November 21, 2014, 06:44:57 AM Just came across this on reddit, had to post it here...
http://www.reddit.com/r/Bitcoin/comments/2mw1rv/western_union_send_50_for_only_5_what_a_deal/ new link: https://i.imgur.com/wJfbppp.png Title: Re: Hmmm, western union or bitcoin? Post by: Fugazi on November 21, 2014, 07:03:37 AM Bitcoin all the way!
Title: Re: Hmmm, western union or bitcoin? Post by: (oYo) on November 21, 2014, 07:06:42 AM Love this! BOOYAH!!! 8)
Title: Re: Hmmm, western union or bitcoin? Post by: TriggerX on November 21, 2014, 08:42:44 AM It is true, but sadly only a few percentage of the population are using bitcoin.
Title: Re: Hmmm, western union or bitcoin? Post by: twister on November 21, 2014, 08:53:01 AM It is true, but sadly only a few percentage of the population are using bitcoin. Slow and steadily we win the race. Bitcoin will be used as the world currency one day. Title: Re: Hmmm, western union or bitcoin? Post by: TriggerX on November 21, 2014, 09:02:34 AM It is true, but sadly only a few percentage of the population are using bitcoin. Slow and steadily we win the race. Bitcoin will be used as the world currency one day. I'm also hoping this will happen. Because I hate banks and mandatory sharing of my private docs. Title: Re: Hmmm, western union or bitcoin? Post by: 1Referee on November 21, 2014, 02:49:18 PM I used to use western union to send money to family on the other side of the globe, and now 75% wants me to send them BTC.
Much cheaper and way easier and much less hassle ;D Title: Re: Hmmm, western union or bitcoin? Post by: Sutters Mill on November 21, 2014, 03:11:40 PM Obviously there's a massive benefit to using bitcoin to send money around the world or even domestically, but you will still need to find someone to exchange the btc for cash so you need to factor that fee as well. What would be the easiest and cheapest way for a novice to sell their coins for cash with minimal fees?
Title: Re: Hmmm, western union or bitcoin? Post by: Crypto_Junkee on November 21, 2014, 03:13:23 PM I like that. Would never use WU. Bitcoin is a whole different story ;D
Title: Re: Hmmm, western union or bitcoin? Post by: The Chainmaker on November 21, 2014, 03:33:47 PM That is pretty awesome.
But lets not forget, if you and your friend are trying to move USD, you will get fees from USD -> bitcoin. And then get fees again from bitcoin -> USD. So while moving the bitcoin is way better, the moving in and out of fiat sucks. Still, with a company like Coinbase, that is only 1% each way and will still be way cheaper than Western Union. And as we know in the future those fees will go down, and the need to move in and out of fiat will go down. But really Bitcoin just isn't there yet. Title: Re: Hmmm, western union or bitcoin? Post by: Rampton on November 21, 2014, 03:51:00 PM Obviously there's a massive benefit to using bitcoin to send money around the world or even domestically, but you will still need to find someone to exchange the btc for cash so you need to factor that fee as well. What would be the easiest and cheapest way for a novice to sell their coins for cash with minimal fees? Well you could try use Localbitcoins or even this site and for cash or bank transfer or whatever medium you wish for, but hopefully eventually there will be kiosks or shops that will give you cash for your coins. Maybe bitcoin will have its own Western Union but with cheaper fees etc. That is pretty awesome. But lets not forget, if you and your friend are trying to move USD, you will get fees from USD -> bitcoin. And then get fees again from bitcoin -> USD. So while moving the bitcoin is way better, the moving in and out of fiat sucks. Still, with a company like Coinbase, that is only 1% each way and will still be way cheaper than Western Union. And as we know in the future those fees will go down, and the need to move in and out of fiat will go down. But really Bitcoin just isn't there yet. Which fees? I don't think mining fees will go down but the opposite eventually. Title: Re: Hmmm, western union or bitcoin? Post by: The Chainmaker on November 21, 2014, 04:51:16 PM Obviously there's a massive benefit to using bitcoin to send money around the world or even domestically, but you will still need to find someone to exchange the btc for cash so you need to factor that fee as well. What would be the easiest and cheapest way for a novice to sell their coins for cash with minimal fees? Well you could try use Localbitcoins or even this site and for cash or bank transfer or whatever medium you wish for, but hopefully eventually there will be kiosks or shops that will give you cash for your coins. Maybe bitcoin will have its own Western Union but with cheaper fees etc. That is pretty awesome. But lets not forget, if you and your friend are trying to move USD, you will get fees from USD -> bitcoin. And then get fees again from bitcoin -> USD. So while moving the bitcoin is way better, the moving in and out of fiat sucks. Still, with a company like Coinbase, that is only 1% each way and will still be way cheaper than Western Union. And as we know in the future those fees will go down, and the need to move in and out of fiat will go down. But really Bitcoin just isn't there yet. Which fees? I don't think mining fees will go down but the opposite eventually. The mining fees are negligible. The fees are the ones charged by the exchanges from going from between crypto and fiat. Title: Re: Hmmm, western union or bitcoin? Post by: Oriannaa on November 21, 2014, 06:54:01 PM Hahaha, that ad comparison trumps and slaps western union in the face. lol.
Title: Re: Hmmm, western union or bitcoin? Post by: Balls on November 21, 2014, 07:05:09 PM Hahaha, that ad comparison trumps and slaps western union in the face. lol. Probably so would Paypal to be fair. Title: Re: Hmmm, western union or bitcoin? Post by: validium on November 25, 2014, 06:02:22 AM Someone tweaked another ad they posted on twitter
https://i.imgur.com/2EYJmJu.jpg original tweet: https://twitter.com/WesternUnion/status/536987646804111361 Title: Re: Hmmm, western union or bitcoin? Post by: bornil267645 on November 25, 2014, 07:28:03 AM East or Western.
Bitcoin is the bestern... Title: Re: Hmmm, western union or bitcoin? Post by: btcwitch on November 25, 2014, 08:07:09 AM bitcoin only :) Title: Re: Hmmm, western union or bitcoin? Post by: wadili89 on November 25, 2014, 09:06:58 AM Right now its Western Union. Bitcoin has yet to have any meaningful processors at the end points to be useful in this way.
I see it taking atleast 3-4 years for Bitcoin to be used widely in this way. Title: Re: Hmmm, western union or bitcoin? Post by: Neotox on November 25, 2014, 09:13:10 AM i will go for bitcoin
it is best way for transaction for me Title: Re: Hmmm, western union or bitcoin? Post by: validium on November 25, 2014, 05:48:11 PM one word; simplicity
https://i.imgur.com/hYJYG58.jpg?1 ;) Title: Re: Hmmm, western union or bitcoin? Post by: BlindMayorBitcorn on November 26, 2014, 11:46:22 PM We choose Bitcoin because we are Bitcoiners. But it would be insane for normal people. They buy coins at a premium to exchange rate, the value of Bitcoin falls like it did today, they are losers and they never do it again... A sane person would never go through that
Title: Re: Hmmm, western union or bitcoin? Post by: b!z on November 26, 2014, 11:50:21 PM We choose Bitcoin because we are Bitcoiners. But it would be insane for normal people. They buy coins at a premium to exchange rate, the value of Bitcoin falls like it did today, they are losers and they never do it again... A sane person would never go through that correct if anybody tries to bring up how "easy" coinbase or circle are, they've never used either |