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0 pointsredblacktree12y ago0 comments

I think it's just that most folks can't yet imagine that Bitcoin is really going to revolutionize anything. For now, it's interesting speculation. It's really hard to see, for example, getting paid in BTC, or buying gas in BTC.

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fragsworth12y ago· 2 in thread

But I think it's easy to see paying for something in USD, and using BTC as the means of transfer.

Customer USD -> Customer BTC -> transfer -> Vendor BTC -> Vendor USD

Nursie12y ago

Yay! 3 layers of fees!

vbuterin12y ago

Customer USD -> Customer BTC: 1% + $0.15 (Coinbase)

Customer BTC -> Merchant BTC: $0.06 (transaction fees, currently abnormally high due to price spike)

Merchant BTC -> Merchant USD: 0.99% (Bitpay)

Total: 1.99% + $0.24

Compare: credit cards and Paypal (2.9% + $0.30)

So even there it works out fine.

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