[ostikk]

With your Thailand example, the author made the point that it's actually cheaper through P2P model (like Hawala) without the need to eat the exchange spread/fees by changing BTC.

And yeah, fraud is still a huge problem for e-commerce, but how does Bitcoin solve that? As stated in the article, it just pushes more responsibility to the user. Multi-sig doesn't solve that either, you still need a 3rd party escrow provider, who will charge a fee.

[CyberDildonics]

P2P? Meaning you have to go find people also on a service that I've never heard of until seeing is plugged in this thread? And why would people in Thailand want to buy a specific currency someone is selling anyway. Even USD or Euros would be rare, but every other currency would be hugely exotic. The service right now allows you to take out cash from bank ATMs that are everywhere.

How does Bitcoin solve fraud? It is devoid of fraud. It doesn't 'just push responsibility to the user' it avoids the broken concept of giving someone all the information necessary to charge money to you at will. The fraud you are describing would be fraud from a business not delivering which isn't on the same level as credit card fraud that is happening on a massive scale.