This is exactly why I believe in bitcoins ! VISA & Banks are thiefs !

[Stalratos]

Just like getting parts for a mining rig, you need to shop around for your bank and/or credit cards.  I don't know much about the rest of the world's consumer banking systems, but at least in America, there are tremendous differences in rates and fees between different credit cards issued by different banks.  If the one you use charges too much, change to one that charges less.  If enough people do that, then the original card's fees will be lowered to compete, and everyone wins (including, unfortunately, the banks and CC companies as they may get more customers at their new lower fees....)

In the end, however, I'm hoping that large central banks are eventually doomed as crypto currencies take over and replace the use of fiat currencies.  That's what we're all working towards here, isn't it?

[Dogtanian]

Just like getting parts for a mining rig, you need to shop around for your bank and/or credit cards.  I don't know much about the rest of the world's consumer banking systems, but at least in America, there are tremendous differences in rates and fees between different credit cards issued by different banks.  If the one you use charges too much, change to one that charges less.  If enough people do that, then the original card's fees will be lowered to compete, and everyone wins (including, unfortunately, the banks and CC companies as they may get more customers at their new lower fees....)

In the end, however, I'm hoping that large central banks are eventually doomed as crypto currencies take over and replace the use of fiat currencies.  That's what we're all working towards here, isn't it?

Just don't use banks or cards that charge. Shop around for a good deal like you would a phone contract etc.

[DeboraMeeks]

This is one of the reasons bitcoins is growing and likely to have some mainstream use, High fees on almost any other method (a % of the amount you send) without doing anything  .while in btc's you optionally pay 0.0001 to miners.

[hakanf]

If you think about the difference between buy and sell orders, fees charged by exchange markets and the cost of services you use for converting fiat to Bitcoin and Bitcoin back to fiat, Bitcoin is not the perfect option against VISA & Banks. For now.   

[CoinPlusUltra.com]

Bitcoin started a revolution, for starters it is a better way to pay for things, because its transparent and peer to peer.

Things are about to change 180 degrees and we are a part of it.

[hilariousandco]

Bitcoin started a revolution, for starters it is a better way to pay for things, because its transparent and peer to peer.

Things are about to change 180 degrees and we are a part of it.

We can only hope. Sadly I don't think the masses are as clued in as us renegades  .

[kostja]

is a better way to pay for things

If You become cash in USD/Euro and all costs for you are in USD/Euro, You can deliver service or ship product instantly, in case of bitcoin You should wait, and it take to lose consumers/money, and you need consider exchange rates risc.

With cash you need keep, that bills are not counterfeited and stay in allert to not be rubbed.

[Neutronic]

The main problem with the current banking and international monetary system, is that a certain powerful person can solely decide if tomorrow's paycheck will be lower or higher then the previous one. That issue alone is disturbing if you think about it. Another problem is that we are so used to this system, that we became oblivious to any other alternatives. To back this up, you can look to the alternatives which (crypto's) and see that the people are unsure and skeptic about it, which is pretty sad really.

[vendetahome]

This is one of the reasons bitcoins is growing and likely to have some mainstream use, High fees on almost any other method (a % of the amount you send) without doing anything  .while in btc's you optionally pay 0.0001 to miners.

Especially internationall bank wire transfers are expensive and slow, Bitcoin has really good future in this area

[kostja]

Especially internationall bank wire transfers are expensive and slow, Bitcoin has really good future in this area

Card to card transfers are for free (cost included in annual fee) in the same payment system. If You transfer cryptocurrency and you need cash, you still need to pay converting and withdrawal costs.

[cousinHub]

After doing some more reading on the subject, I think that this guy expresses well what I wanted to say :

http://cdixon.org/2013/12/31/why-im-interested-in-bitcoin/

At some point, I had an “aha!” moment and realized that Bitcoin was best understood as a new software protocol through which you could rebuild the payments industry in ways that are better and cheaper.

The payment industry is a $500 billion industry (or larger, depending on how you measure it). That means banks and payment companies charge $500B per year in fees to provide a service that mostly involves moving bits around the Internet. There are other services they provide like credit, security, and dispute resolution, but in any reasonable analysis these services should cost dramatically less than they currently do. The payment industry should be at least an order of magnitude smaller than it is today.

Another thing that informed my view was seeing what a huge headache payments were for startups I was involved with. Let’s say you sell electronics online. Profit margins in those businesses are usually under 5%, which means the 2.5% payment fees consume half the margin. That’s money that could be reinvested in the business, passed back to consumers, or taxed by the government. Of all of those choices, handing 2.5% to banks to move bits around the Internet is the worst possible choice. The other main challenge startups have with payments is accepting international payments. If you are wondering why your favorite technology service isn’t available in your country, the answer is often payments.

[hilariousandco]

After doing some more reading on the subject, I think that this guy expresses well what I wanted to say :

http://cdixon.org/2013/12/31/why-im-interested-in-bitcoin/

At some point, I had an “aha!” moment and realized that Bitcoin was best understood as a new software protocol through which you could rebuild the payments industry in ways that are better and cheaper.

The payment industry is a $500 billion industry (or larger, depending on how you measure it). That means banks and payment companies charge $500B per year in fees to provide a service that mostly involves moving bits around the Internet. There are other services they provide like credit, security, and dispute resolution, but in any reasonable analysis these services should cost dramatically less than they currently do. The payment industry should be at least an order of magnitude smaller than it is today.

Another thing that informed my view was seeing what a huge headache payments were for startups I was involved with. Let’s say you sell electronics online. Profit margins in those businesses are usually under 5%, which means the 2.5% payment fees consume half the margin. That’s money that could be reinvested in the business, passed back to consumers, or taxed by the government. Of all of those choices, handing 2.5% to banks to move bits around the Internet is the worst possible choice. The other main challenge startups have with payments is accepting international payments. If you are wondering why your favorite technology service isn’t available in your country, the answer is often payments.

People really should refuse to use services that charge when they can be done for free. This is just milking people.

[carcarah]

I just hope the governments doesn't make bitcoin illegal. 

It's just one the best things since internet porn.

[guybrushthreepwood]

I just hope the governments doesn't make bitcoin illegal. 

It's just one the best things since internet porn.

They really can't make it illegal.

[carcarah]

I just hope the governments doesn't make bitcoin illegal. 

It's just one the best things since internet porn.

They really can't make it illegal.

They already made illegal gold ownership.

Also, It seems some banks on US already blocked some accounts cause they were related to bitcoin trading.

[hilariousandco]

I just hope the governments doesn't make bitcoin illegal. 

It's just one the best things since internet porn.

They really can't make it illegal.

They can put in regulations, but without banning the internet I don't see how they'll stop people from using it.

[wonderfulcoin]

mistake,I hope.

[nastybit]

I just hope the governments doesn't make bitcoin illegal. 

It's just one the best things since internet porn.

They really can't make it illegal.

They can put in regulations, but without banning the internet I don't see how they'll stop people from using it.

They can't stop it as it's decentralized so even 1 node hashing on a gameboy color can keep the network alive BUT they can certainly and very easily (China?) ban any company from using it on their countries.

[guybrushthreepwood]

I just hope the governments doesn't make bitcoin illegal. 

It's just one the best things since internet porn.

They really can't make it illegal.

They already made illegal gold ownership.

Also, It seems some banks on US already blocked some accounts cause they were related to bitcoin trading.

They made what illegal?

[hilariousandco]

I just hope the governments doesn't make bitcoin illegal. 

It's just one the best things since internet porn.

They really can't make it illegal.

They can put in regulations, but without banning the internet I don't see how they'll stop people from using it.

They can't stop it as it's decentralized so even 1 node hashing on a gameboy color can keep the network alive BUT they can certainly and very easily (China?) ban any company from using it on their countries.

I don't think China 'banned' it, but they put restrictions on their exchanges. People will still find a way to use it regardless.