|
|
|
|
|
|
by lxgr
1245 days ago
|
|
|
> Bitcoin is it's a transaction layer and people can build services on top of it The transaction layer is arguably the least interesting service the credit card and other incumbent transaction/payment networks provide. Deciding whether to move money, and possibly whether to move it back, is where the value is created. |
|
|
It isn't until you can't transact over it because your government blocked it or received an international sanction that prevents you, an innocent citizen from transacting. Or, if you reside in a country where that network does not exist.
> Deciding whether to move money, and possibly whether to move it back, is where the value is created.
Incorrect. The ability, not the decision, is where the value resides. I can decide all I want that I'd like the bank to send $20K to someone overseas for me, but that likely means jumping through several hoops to do it. With Bitcoin, I can just do it.