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Title: Banking system + Government is paralyzing bitcoin Post by: jehst on January 25, 2015, 07:12:10 AM Coinbase/Circle = slow. Why? ACH system is old and shit.
Buying BTC with a credit card = expensive. Why? Credit card system is shit and full of fraud. Wire transfers to exchanges = slow, Why? SWIFT interbank transfer system is old and slow and shit. ETF approval = slow, Why? SEC is slow and shit. Chinese businesses like Baidu not accepting bitcoin = not happening. Why? Government As long as we try to be half in bitcoinland and half in governmentland, it's going to continue to suck. It's time to go 100% crypto. If you want USD, then just use bitUSD. Title: Re: Banking system + Government is paralyzing bitcoin Post by: worldinacoin on January 25, 2015, 07:13:51 AM Can't agree more. I can imagine how much Bitcoin will flourish without govt and bank system intervention.
Title: Re: Banking system + Government is paralyzing bitcoin Post by: Jamie_Boulder on January 25, 2015, 08:12:15 AM Great post however it's not really news, these things take tens of years to change unfortunately.
Just gotta roll with the times. Title: Re: Banking system + Government is paralyzing bitcoin Post by: CryptKeeper on January 25, 2015, 08:15:41 AM The banking system is getting better here in europe, because they introduced SEPA.
With SEPA wire transfers you get a garantueed maximum transaction time of one working day. Between certain banks, it's even down to about one hour! ;D Title: Re: Banking system + Government is paralyzing bitcoin Post by: jehst on January 25, 2015, 08:21:16 AM Great post however it's not really news, these things take tens of years to change unfortunately. Just gotta roll with the times. No, I don't care about changing those things. I want everybody to get into crypto now Title: Re: Banking system + Government is paralyzing bitcoin Post by: A.F.K on January 25, 2015, 08:55:46 AM Interesting hypothesis.
Title: Re: Banking system + Government is paralyzing bitcoin Post by: Q7 on January 25, 2015, 09:11:06 AM As much as i want and hope to see it become a reality someday, these things just take time. Just have to be patient for now
Title: Re: Banking system + Government is paralyzing bitcoin Post by: Jamie_Boulder on January 25, 2015, 09:44:01 AM Great post however it's not really news, these things take tens of years to change unfortunately. Just gotta roll with the times. No, I don't care about changing those things. I want everybody to get into crypto now |