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trixie_ | 3 years ago

The practical use case is pretty simple - being able to hold large sums of money yourself securely while being able to move it to who/where ever you want in less than an hour, 24/7, no questions asked.

Before Bitcoin it was practically impossible to do this without a bank as an intermediary and even then would require large fees, talking with people, lots of hang ups, just to manage your own money.

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xadhominemx|3 years ago

What is the use case of that use case?

trixie_|3 years ago

Say you want to move $ from service A to C, before Bitcoin it was not possible without a bank intermediary (B). There is processing time, high fees, business hours, etc.. So you’re handholding the process A to B then B to C.

With crypto I can move money directly A to C at 4am on a weekend, any amount, without talking to anyone for a tiny fee.

Or if I want to move it into my wallet and hold it personally I can do that do. Before Bitcoin that was literally impossible without physically walking into a bank.

mouzogu|3 years ago

Why do people keep calling it "money". It's not.

You can send it back and forth between wallets all day, doesn't make it into money.

To actually use it as money, you need to some kind of centralised service to cash out.