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Author Topic: The kids will laugh about this... How international payments work  (Read 1709 times)
Nicolas Dorier
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June 19, 2014, 12:27:42 PM
 #21

I should do the same inforgraphic for paypal.
I once calculated that they took 7% per payment. (Some fees were hidden in the conversion rate... bastard)

Bitcoin address 15sYbVpRh6dyWycZMwPdxJWD4xbfxReeHe
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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June 21, 2014, 07:57:19 PM
 #22

Hello,
The chain between banks and institutions is huge so these are surely the biggest enemies of us in the future. They will try to stop BTC with every method! But good times will come after that , because BTC will survive everything!
Soon the new generations will see paper money only in the museums when people realise how much better is to use BTC.
BR
Gondel

What about using a currency backed by Gold and made by a sound bank?

This would mean the currency is controlled and counted by a central authority, this is something bitcoin is trying to avoid

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