[piva00]

> In the future I expect to see BTC to mainly utilized for these types of financial transfers and less as a long-term store of value.

I have, in Sweden, the options of Swish and SEPA to transfer money. Swish is internal to Swedish residents, so to anyone who has Swish tied to their bank account I can instantly send money knowing their phone number.

With SEPA Instant Transfer I can send money anywhere in the EU, up to 100,000€, and it's guaranteed it takes less than 10 seconds.

These have been solved elsewhere, look inside the US who benefits from the fees charged to you, look who controls the lobbying power to keep these fees being charged to you. Boom, you now know that in the US the biggest limitation is always who has more money than you and control the policies you live under.

It's the same in other parts of the world, of course, but so much worse in the US...

[scotty79]

SEPA takes 10 seconds? My bank only guarantees it'll reach recipient in 24h and I have strong suspicion they only mean business days.

[piva00]

SEPA Instant Transfer takes 10 seconds, a normal SEPA Transfer takes 1 business day [0].

[0] https://www.paysera.com/v2/en/blog/what-is-sepa

[SideburnsOfDoom]

> SEPA takes 10 seconds?

Yep. I see similar (or lower) timings for 2 or 3 digit amounts transferred between accounts in the same country (UK).

[trashtester]

Absolutely correct. There are plenty of payment solutions like SEPA coming out in different markets, now. Money transfer is a known problem. These work brilliantly in contries that are not controlled by the most tyrannical and/or non-functional regimes, as long as you stay within the law. (Even China has such systems in Alipay and Wechat Pay)

So what crypto adds (beyond a hypothetical store of value) is the ability to keep your assets and transactins invisible (or nearly invisible) to the government.

[piva00]

> is the ability to keep your assets and transactins invisible (or nearly invisible) to the government.

It's only invisible if you got way out of the way of ergonomics to use cryptocurrencies and try to keep them into an anonymous wallet. The moment your wallet address is figured out all of your transfers in history are an open book, by definition of a public ledger.

So anonymity from government is definitely not a real feature of this usage...

[yeahsure]

Not all of us have the privilege of having been born un Sweden. Your comment reeks of privilege and dissociation with the rest of the world, where things work very differently.

[piva00]

I wasn't born in Sweden either. If it reeks of privilege is due to your own insecurities, I gave an example of something that already works and exists in the real world.

Just FYI: I come from Brazil where I lived for almost 3 decades, I grew up during hyperinflation, get off your high horse, mate.

[SideburnsOfDoom]

Dude, it's a real world example - a personal experience - of how this problem can we well solved, and of how crypto is not the solution. That's what it is. Sorry you don't like it, but that's not relevant. What you might do is try to bring those systems to where you are.