Comment by mannanj
4 years ago
>Nobody has a need for it which can’t be satisfied at least as well by alternatives
Have you ever tried to send more than $5k, $10k or $20k before? You basically can't with your bank without having to go through a bunch of hurdles or time delays. I can easily do that with bitcoin.
Legit, real need for it that can't be satisfied with alternatives.
In addition the bank is often closed on weekends, and doesn't service you into the night. My bank site "shuts down" at night. Sorry, but my ability to use my money isn't limiting by your waking hours.
I have, actually, and it wasn't hard. It did require a out-of-band confirmation which I considered a good thing since I rarely make transactions that large and never in a case which can't wait until the next business day.
That is, of course, the flip side of that convenience: if you ever make a mistake with your Bitcoin wallet, it's gone with no recourse. Good luck!
I did, without any issues nor delays.
I also dont know what bank you have but I can operate it any day through my app.
And your ability to use your "money" is still limited to having access to some wallet application, internet connection, your keys and chain fees.
Yup, I pay 0 to wire money, but I have fees for blockchains.
I can and I have. I needed to fill out a PDF (digitally) and ask the recipient for their IBAN etc., but they're both magically long strings so that's equivalent to needing someone's wallet address.
After that it was a matter of uploading the form and getting confirmation in a couple days, which I'm gladly willing to accept for peace of mind when it comes to large transfers.
> In addition the bank is often closed on weekends, and doesn't service you into the night. My bank site "shuts down" at night. Sorry, but my ability to use my money isn't limiting by your waking hours.
Odd, banking apps are open 24/7 here and if it's an in-bank transfer it's instantaneous.