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Author Topic: Use Case - Bitcoin intl money transfers  (Read 2383 times)
niko
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There is more to Bitcoin than bitcoins.


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March 24, 2012, 02:26:03 AM
 #21

I actually use Bitcoin for international money transfers, and it's cheaper and faster than any alternative I could find. I don't know about China specifically, and won't comment on that. Two things bother me, though: the lack of legal framework (is it going to hurt?) and volatility. Legal aspects will inevitably become clearer this year due to tax returns and ongoing litigation (and, if most of us behave proactively, rationally, and responsibly, they will become clearer in a good way). The volatility will become less of a problem if and when market grows (again, this depends on us to a large extent).


They're there, in their room.
Your mining rig is on fire, yet you're very calm.
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