Banking system + Government is paralyzing bitcoin

[jehst]

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.

[worldinacoin]

Can't agree more.  I can imagine how much Bitcoin will flourish without govt and bank system intervention.

[Jamie_Boulder]

Great post however it's not really news, these things take tens of years to change unfortunately.

Just gotta roll with the times.

[CryptKeeper]

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! 

[jehst]

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

[A.F.K]

Interesting hypothesis.

[Q7]

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

[Jamie_Boulder]

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

Well good luck with that lol