Craig <cchayniepub...@gmail.com> wrote: Borders are opening up as people are now able to trade with each other > without the expensive exchange rate tax, which every merchant in every > third-world country experiences when he tries to compete with countries > which do not want his government's currency.
Surely we can find a solution to that problem that does not involve a ponzi-scheme currency that fluctuates in value by hundreds of dollars a day, and that is wide open to the largest theft in the history of banking. > No longer need people be burdened by expensive transaction fees which can > cost upwards of $50, and a day's time, to send money to some other part of > the world. I often buy things in Japan with a credit card, such as books from Amazon.com Japan. It takes no time at all. It is no different from buying things from a U.S. vendor. The bank charges a little extra for the currency conversion. You can send money to people in Japan with PayPal, I believe. Maybe this is not an option in the third world, but I suppose it could be. I have seen web sites in Guatemala recently that take credit cards. I will grant, buying with a credit card is not an anonymous, untraceable transaction. I know that libertarians and drug dealers want it it be anonymous and untraceable, but I don't care about that, and I suppose most people do not care. Bitcoin will be to money, what email is to the telephone, and what the > telephone is to mail: Revolutionary! Bitcoin is to the telephone as the "burner" throw-away cell phones are to regular cell phones: an ideal way to conduct criminal activities. - Jed
