Do you think Bitcoin makes revolution on money transfer market ?

[kenbytes]

Do you think Bitcoin makes revolution on money transfer market ?

[harrymmmm]

Do you think Bitcoin makes revolution on money transfer market ?

Lol. I think I'll make a poll on the bitcoin discussion forum about whether people have heard of bitcoin. Good for post activity at least.

[Snail2]

No, I don't think so. At least not directly. However the blockchain technology almost surely going to be the basis of many (if not most) future money transfer applications. Bitcoin itself is just too unpredictable and volatile at this moment and large chunks of the existing BTC are also controlled by unpredictable sometimes even unknown people, this scares away most financial institutions.

[countryfree]

It depends what you mean by money transfer. If some guy in Asia wants to send BTC to a guy in Europe, there's no doubt it's easier and faster than sending $. Now, if the transfer starts with an Asian currency and must end up with Euros, conversion to BTC then to Euros will cost you more than with banks sending hard currency.

[kenbytes]

It depends what you mean by money transfer. If some guy in Asia wants to send BTC to a guy in Europe, there's no doubt it's easier and faster than sending $. Now, if the transfer starts with an Asian currency and must end up with Euros, conversion to BTC then to Euros will cost you more than with banks sending hard currency.

yes you are right but think about the time and the cost of a bank transfer.. if you wanna transfer a large cuantite of money

[kenbytes]

No, I don't think so. At least not directly. However the blockchain technology almost surely going to be the basis of many (if not most) future money transfer applications. Bitcoin itself is just too unpredictable and volatile at this moment and large chunks of the existing BTC are also controlled by unpredictable sometimes even unknown people, this scares away most financial institutions.

but if thoes large chunks of bitcoin are controlled of financial institusion ..think about that

[trior]

Bitcoin is a revolution not only in money transfers but in anything related to money , so much like between diskettes and USB 3.0 sticks

[Coinshot]

More or less anonymous, but entirely decentralized, with virtually dust fee's and ~10 minutes confirmation of transaction;
i would say it's pretty revolutionary.
The real question about bitcoin is not about the question you're asking in op, but rather; why don't the mass majority of people recognize it.

[kenbytes]

More or less anonymous, but entirely decentralized, with virtually dust fee's and ~10 minutes confirmation of transaction;
i would say it's pretty revolutionary.
The real question about bitcoin is not about the question you're asking in op, but rather; why don't the mass majority of people recognize it.

Because it has not yet reached de mass

[Snail2]

but if thoes large chunks of bitcoin are controlled of financial institusion ..think about that

That would scare away me from bitcoin . Bitcoin controlled by banks or even worse governments would be something like VISA and Mastercard on steroids :/. That's why I'm pretty sure sooner or later we will see a great rise of govt coins, that will make surveillance much easier and much more effective.

[kenbytes]

but if thoes large chunks of bitcoin are controlled of financial institusion ..think about that

That would scare away me from bitcoin . Bitcoin controlled by banks or even worse governments would be something like VISA and Mastercard on steroids :/. That's why I'm pretty sure sooner or later we will see a great rise of govt coins, that will make surveillance much easier and much more effective.

only the time will decide 

[Rude Boy]

If bitcoin was accepted as a medium of global money transfer, people's money might be gets stolen -> www.directory.io (don't steal anything from here, but probability of stealing is less because of math) isn't it?
So bitcoin doesn't makes revolution on money transfer.


~Rude Boy

[tadakaluri]

Bitcoin already makes revolution in money transfer market. Users of Bitcoin growing day by day, rapidly in all over the world.

Advantages of Bitcoin Payment:

Freedom in Payment

• With Bitcoin it is very possible to be able to send and get money anywhere in the world at any given time.
• You don’t have to worry about crossing borders, rescheduling for bank holidays, or any other limitations one might think will occur when transferring money.
• You are in control of your money with Bitcoin. There is no central authority figure in the Bitcoin network.

Control and Security

• Allowing users to be in control of their transactions help keep Bitcoin safe for the network.
• Merchants cannot charge extra fees on anything without being noticed. They must talk with the consumer before adding any charges.
• Payments in Bitcoin can be made and finalized without one’s personal information being tied to the transactions.
• Due to the fact that personal information is kept hidden from prying eyes, Bitcoin protects against identity theft.
• Bitcoin can be backed up and encrypted to ensure the safety of your money.

Information is Transparent

• With the block chain, all finalized transactions are available for everyone to see, however personal information is hidden.
• Your public address is what is visible; however, your personal information is not tied to this.
• Anyone at anytime can verify transactions in the Bitcoin block chain.
• Bitcoin protocol cannot be manipulated by any person, organization, or government. This is due to Bitcoin being cryptographically secure.

Very Low Fees

• Currently there are either no fees, or very low fees within Bitcoin payments.
• With transactions, users might include fees in order to process the transactions faster. The higher the fee, the more priority it gets within the network and the quicker it gets processed.
• Digital Currency exchanges help merchant process transactions by converting bitcoins into fiat currency. These services generally have lower fees than credit cards and PayPal.

[trinaldao]

Do you think Bitcoin makes revolution on money transfer market ?

yes bitcoin use lower fee than other payment
you can compare it with paypal, paypal, pm, WU , bank transfer ,
also u can use bitpay for transfer instan to your bank

[kenbytes]

If bitcoin was accepted as a medium of global money transfer, people's money might be gets stolen -> www.directory.io (don't steal anything from here, but probability of stealing is less because of math) isn't it?
So bitcoin doesn't makes revolution on money transfer.


~Rude Boy

if so will steal only smart people not the stupid people ho don`t know how to read "))))))))))

[harrymmmm]

It depends what you mean by money transfer. If some guy in Asia wants to send BTC to a guy in Europe, there's no doubt it's easier and faster than sending $. Now, if the transfer starts with an Asian currency and must end up with Euros, conversion to BTC then to Euros will cost you more than with banks sending hard currency.

yes you are right but think about the time and the cost of a bank transfer.. if you wanna transfer a large cuantite of money

Hmm. Sounds like you mean he's not right about anything. I would agree with that then

[harrymmmm]

but if thoes large chunks of bitcoin are controlled of financial institusion ..think about that

That would scare away me from bitcoin . Bitcoin controlled by banks or even worse governments would be something like VISA and Mastercard on steroids :/. That's why I'm pretty sure sooner or later we will see a great rise of govt coins, that will make surveillance much easier and much more effective.

I have no doubt govcoins will appear soon. Fortunately bitcoin will not be controlled by them in any future i forsee.

[MinerHQ]

but if thoes large chunks of bitcoin are controlled of financial institusion ..think about that

That would scare away me from bitcoin . Bitcoin controlled by banks or even worse governments would be something like VISA and Mastercard on steroids :/. That's why I'm pretty sure sooner or later we will see a great rise of govt coins, that will make surveillance much easier and much more effective.

I have no doubt govcoins will appear soon. Fortunately bitcoin will not be controlled by them in any future i forsee.

I doubt any government or big institutions will allow for bitcoins to grow in bigger size. But surely bitcoin has made online money transfer easy.

[kenbytes]

but if thoes large chunks of bitcoin are controlled of financial institusion ..think about that

That would scare away me from bitcoin . Bitcoin controlled by banks or even worse governments would be something like VISA and Mastercard on steroids :/. That's why I'm pretty sure sooner or later we will see a great rise of govt coins, that will make surveillance much easier and much more effective.

I have no doubt govcoins will appear soon. Fortunately bitcoin will not be controlled by them in any future i forsee.

I doubt any government or big institutions will allow for bitcoins to grow in bigger size. But surely bitcoin has made online money transfer easy.

i think the government is watching bitcoin....this is the future ...why don`t we see that

[Amph]

yeah but for now only online and especially with gambling site, but overall with everything else, because i do not need to put my cvv and other sensitive info of my credit cards, which is always a danger

i've heard about people that have their money stolen from their card some times, with certain site, because the employees can use the stored data and use your card

if you think about it they have the same security of a online exchange if someone hack it you lost big