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Comment by krisdol

Full disclosure: I own about $11 worth of bitcoin if I round up a bit, so this might be biased.

The most convincing "point" of bitcoin I've heard is to accomodate transfer of large sums of money across borders, quickly, with minimal transaction costs and oversight. Everyone here can afford the fee to transact 8 billion dollars worth of bitcoin. And settlement happens in seconds to a couple minutes. That's appealing to people trying to move millions or billions of dollars around.

parent krisdol 5 years ago

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