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Sythyn
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February 11, 2015, 11:22:50 PM |
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How does this relate to Bitcoin in anyway?
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Meuh6879
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Activity: 1512
Merit: 1012
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February 11, 2015, 11:30:35 PM |
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if humans really think ... they can replace WU and use BTC instead.  that it's the subject. ironically, WU use perhaps BTC (in satoshi mode = 1 BTC = 1 000 000 USD) to transfer freely the cash over country .... and charge with 12% of fee.  |
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QuestionAuthority
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Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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February 11, 2015, 11:53:42 PM |
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I've never understood people comparing Bitcoin to a business. Western Union is a business. Bitcoin is an ACH/EFT replacement system. Western union could decide to use Bitcoin to transfer money tomorrow and it would still be the same business. They would just be using a different transfer method.
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foggyb
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Activity: 1736
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February 11, 2015, 11:57:54 PM |
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I've never understood people comparing Bitcoin to a business. Western Union is a business. Bitcoin is an ACH/EFT replacement system. Western union could decide to use Bitcoin to transfer money tomorrow and it would still be the same business. They would just be using a different transfer method.
What don't you understand? Why would I pay Western Union $50 to send $1000 via bitcoin if I can do it myself for free. Or at worst 2-3% fee if I purchase bitcoin with my CC. |
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QuestionAuthority
Legendary
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Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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February 12, 2015, 12:59:04 AM |
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I've never understood people comparing Bitcoin to a business. Western Union is a business. Bitcoin is an ACH/EFT replacement system. Western union could decide to use Bitcoin to transfer money tomorrow and it would still be the same business. They would just be using a different transfer method.
What don't you understand? Why would I pay Western Union $50 to send $1000 via bitcoin if I can do it myself for free. Or at worst 2-3% fee if I purchase bitcoin with my CC. Western Union is a business. Coinbase is a business. Bitcoin is a method of transferring value. ACH/EFT is a method of transfering value. They're not the same thing. |
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Velkro
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Activity: 2296
Merit: 1014
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February 12, 2015, 01:05:17 AM |
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How does this relate to Bitcoin in anyway?
Agree, bitcoin is long way to cease WU from existance |
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CoinRocka
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February 12, 2015, 01:49:16 AM |
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you're a douche  |
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thriftshopping
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February 12, 2015, 05:00:44 AM |
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I've never understood people comparing Bitcoin to a business. Western Union is a business. Bitcoin is an ACH/EFT replacement system. Western union could decide to use Bitcoin to transfer money tomorrow and it would still be the same business. They would just be using a different transfer method.
What don't you understand? Why would I pay Western Union $50 to send $1000 via bitcoin if I can do it myself for free. Or at worst 2-3% fee if I purchase bitcoin with my CC. Western Union is a business. Coinbase is a business. Bitcoin is a method of transferring value. ACH/EFT is a method of transfering value. They're not the same thing. Well WU also has their own network in a similar way that bitcoin has it's own network. When you send money via WU you are using their network in a similar way that you are using the ACH network when using ACH |
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lophie
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February 12, 2015, 06:21:32 AM |
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Well I personally was a customer that happily paid the insane fees with 2k+ dollars monthly transfers. Now I use a local bitcoin exchange and not them anymore. We just need more of my current me and less of my previous me and then WU can go $#@ themselves.
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Will take me a while to climb up again, But where is a will, there is a way...
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QuestionAuthority
Legendary
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Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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February 12, 2015, 06:26:58 AM |
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I've never understood people comparing Bitcoin to a business. Western Union is a business. Bitcoin is an ACH/EFT replacement system. Western union could decide to use Bitcoin to transfer money tomorrow and it would still be the same business. They would just be using a different transfer method.
What don't you understand? Why would I pay Western Union $50 to send $1000 via bitcoin if I can do it myself for free. Or at worst 2-3% fee if I purchase bitcoin with my CC. Western Union is a business. Coinbase is a business. Bitcoin is a method of transferring value. ACH/EFT is a method of transfering value. They're not the same thing. Well WU also has their own network in a similar way that bitcoin has it's own network. When you send money via WU you are using their network in a similar way that you are using the ACH network when using ACH Hikmet Ersek is the President and Chief Executive Officer of Western Union. Jack M. Greenberg is the Chairman of Western Unions Board of Directors. Who is the CEO and director of Bitcoin? Bitcoin is not a company. The flavor of a red apple is not orange. |
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Gleb Gamow
In memoriam
VIP
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Activity: 1428
Merit: 1145
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February 12, 2015, 06:38:35 AM |
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I've never understood people comparing Bitcoin to a business. Western Union is a business. Bitcoin is an ACH/EFT replacement system. Western union could decide to use Bitcoin to transfer money tomorrow and it would still be the same business. They would just be using a different transfer method.
What don't you understand? Why would I pay Western Union $50 to send $1000 via bitcoin if I can do it myself for free. Or at worst 2-3% fee if I purchase bitcoin with my CC. Western Union is a business. Coinbase is a business. Bitcoin is a method of transferring value. ACH/EFT is a method of transfering value. They're not the same thing. Well WU also has their own network in a similar way that bitcoin has it's own network. When you send money via WU you are using their network in a similar way that you are using the ACH network when using ACH Hikmet Ersek is the President and Chief Executive Officer of Western Union. Jack M. Greenberg is the Chairman of Western Unions Board of Directors. Who is the CEO and director of Bitcoin? Bitcoin is not a company. The flavor of a red apple is not orange.  Obviously, we don't shop at the same Walmart. |
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Q7
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February 12, 2015, 09:22:08 AM |
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The reason why people still stick to the send-over-the-counter practise is mainly because not many people knows about bitcoin existence in the first place especially those who are not tech savvy. This will change in years to come. For the moment, If anybody is willing to help these people by setting up an intermediate btc sending/receiving service... if there is any
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wadili89
Legendary
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Activity: 1106
Merit: 1000
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February 12, 2015, 10:22:52 AM |
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after reading all the posts i just could not get the purpos of this thread ? compairing a currency with a money transfer bussiness ? they are not just the same
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