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by Yizahi 1117 days ago
I can send money in minutes too from bank to bank, internationally and domestically. I could do it for years now.

Some very big sums require approval and are delayed. But guess what - it's not a technical limitation but a legal one. It not like some TCP packet can transmit wire transfer of 1000 dollars and unable to do so for 50000 dollars. And we as society do want to control large sum transfers, unless we want to end up like my home country, with funds funneled with close to no control to offshores.

Sure, if a person want to skirt the law and transfer millions without control then current token systems are perfect for him.

2 comments

> I can send money in minutes too from bank to bank, internationally

To any country of your choosing? I doubt that.

Bitcoin will be imported with immigrants to the 1st world.
The other day I tried to wire money to somebody in a different country, but my bank didn’t support that country. So I used USDC and sent the funds in seconds without any issue.