hi guys, first post here
I really like your idea of this service as a business but not as a whole for "Bitcoin" as a currency or a community. The whole point of Bitcoin is for everyone, by everyone right? the limitation of Countries just makes it look like another Paypal doesnt it? Of course I am sure it will be better in a market where there are other options such as paypal and what not but my understanding here is that the beauty of bitcoin is that its a global currency which anyone can use instantly without having to wait or going through payment processors and such, which leads me to my question regarding the very same reason - "Mastercard/ATM Network such PLUS etc)
- Does the bank charge you something "per country" in order to use their Mastercard/VISA network ? What is stopping you from parterning with Banks which provide such coverage globally? I know this might be very confidential information as it relates to the whole business case but been wondering on somewhat a same idea few days back and I really would like to know what kind of charges do these "Bank Network" guys take.
Sorry if I am hijacking the thread, admins please let me know if I am to post this somewhere else.
It took a few minutes to understand your text.
1. Bitcoin is a digital currency. Everything can be a currency when there is someone that accepts it as a currency (like us).
2. The bitcoin community is not bitcoin itself, however bitcoin is dependent on the community, if we don't mine/develop it, it won't get this far.
3. Bitcoin is decentralized, but PayPal is centralized. Bitcoin cannot be manipulated by one person without the majority agreeing on it (forks). PayPal however, could file bankruptcy and run away with the money.
4. Like said, Mastercard/visa are all centralized. The goal of bitcoin is to bring a decentralized payment method to the world.
5. First, you say bitcoin shouldn't be another PayPal. Now you suddenly say that they should partner with a bank. (Which is impossible to do) WHAT?!. Bitcoin itself cannot partner with banks (just like any other currency), but a bank can implement bitcoin into their ecosystem.
6. No idea what you are talking about to be honest. If you mean the transaction fees - it let's miners verify the transaction by including it in the mined block. They don't do everything for free.
I would recommend you to read through the description of "bitcoin" again and rather ask questions instead of complaining.
This post shouldn't be placed in a "service" thread. Post a thread in the "Bitcoin discussion" section.
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