Hacker News new | ask | show | jobs
by kelnos 1953 days ago
People who want to move millions or billions of dollars around don't care about a $30 wire fee. What they do care about is recourse in the case of fraud or mistakes, which Bitcoin by design does not give you.

Moving large amount of money without government interference, however, is certainly a feature of Bitcoin that fiat currency usually doesn't have. And there are some (though perhaps not many?) non-shady reasons why someone might want this.

1 comments

By the time recourse and other modern financial conveniences are built on btc it will lose its luster for the hucksters