[krior]

Then why should we use bitcoin?

[CaRDiaK]

Because it’s faster, easier, safer and cheaper to transfer large volumes of capital than say loading a plane with gold or sending a bag of cash.

[bdcravens]

As long as you're quick to cash in and cash out of it. Potential gains are fun, but losing 10% a month isn't.

[xvector]

That's not a real problem though, stablecoins exist.

[bdcravens]

You're not wrong, but the conversation was about Bitcoin, not cryptocurrency in general.

[lmz]

Cash is a bit bulky and can't be sent over fiber.

[rounce]

https://en.wikipedia.org/wiki/Hawala

[mothballed]

Hawala is such a simple, effective, and relatively anonymous system that bypasses banking that the government had to convince the populace that anyone who uses it is a terrorist. It also helps they use the arab name even though it is of Indian origin.