Topic: BITCOIN IS BETTER THAN WESTERN UNION ? - page 54. (Read 70016 times)

ok guys....

i am actually a lover of bitcoin, i earn it, live off it. but one thing i do hate is everyone over exagerating bitcoin as its deceptive.. so
lets see actual examples..

i want to see screenshots of being able to buy bitcoin via fiat.. showing the rate and value of bitcoin obtained.
i want to see screenshots of that amount being sold to another fiat.. showing the rate and value the recipient would receive in that final fiat.

i then want to see a screenshot of WU calculation of that same FIAT to FIAT transfer..

for these examples. use $100 or $1000 as example amounts in your screenshots. that way its easy to calculate/compare.

i have done it a few times using localbitcoins, searching for the best spreads offered. and done so using multiple currencies on each side. and not found one that gives a better recipient receiving amount..

so to all those 'not liking form filling in' and 'not liking waiting 2 hours' that limits some options such as exchanges requiring verification

show me your best ways to get one fiat into another fiat without form filling (thus avoiding signing up to exchanges to link accounts). and without having to wait for 3 confirmations on deposits/withdrawals of coin on each side (thus not taking upto 2 hours delay).

so there is your challenge.. to not praise the utopian theory of bitcoins usefulness.. but to show actual examples of it working in reality

I am new with this Bitcoin thing and yes this one of the reason I like Bitcoin.

You don't need to fill a form you just send it when you want for a cheap amount.

well if this is another problem about educating themselves for bitcoin, it's more like their fault than bitcoin itself

i can't see how this is a problem of bitcoin, by learning new stuff they can save more, like it was for email vs fax and stuff like that

bitcoin is the natural next step in the future

I've been reading some of the comments in this thread and it seems that there is a lot of hate towards WU. Sure they may have outrageous fees but there are many situations where the service they provide is useful. Back in 2005 when I was backpacking in Nepal, I found myself in a tight situation with money, it would've taken forever to work something out with the banks over there, good thing they had WU, my parents sent me some money that I received within a few hours.

WU very useful for someone who doesn't know about the technology and bitcoin,
usually if a person works abroad they will be confused, to send money to their parents,
their parents, can not play bitcoin WU  is best choice

Bitcoin is fat better than western union in terms of fee and speed for the one who send and who receives it. But the only problem arises due to untrackable transactions making government to ban bitcoin due to risk of money laundering. If every country allow to open bitcoin exchanger than bitcoin can replace traditional money transfer services.

not right, there is nothing that bitcoin can not substitute, it's a global means of payment after all

why i should pay more when i pay less, i don't mind waiting a bit more for confirmation if this is your concern, you can wait when you do online spending

Well i have seen a website where you can pay bills through bitcoins but depends on the country the website is bitbill.eu, if you can then for you its much better bitcoin rather than western union.

Probably yes because you can paybills here,,  western is  also good but not better

Western Union is not outdated, lol they are pretty good (maybe the best) service on its field, bitcoin is better if the other party accepts bitcoin, otherwise you have to make the deal in fiat money and transfer maybe through wester union.

Definitely I could never ever touch western union Btc for life xd

In bitcoin you need only address to receive it anywhere, this is not like W.U , you need some document, to proof it.

About fee, bitcoin is best option for all payment gateway in the world

People still don't understand that WU works differently, it's not for tech savvy people. You get cash in a window. When Bitcoin can provide the same with cheaper rates we can discuss...

Of course it is better than W.E. Wester Union is an outdated, overpriced, overused, crappy piece of crap. Why not use PayPal?

Bitcoin is far better. Since it is not controlled by a central source, it is controlled by the community who makes transactions. These people also control the tx fees, keeping them low.

At the moment bitcoin looses into the exchange into fiat ,as soon as bitcoin be able and accepted everywhere we wont be loosing any satoshi to convert,till that day we must collect and spend some coins and always refill our new bank system.

you actually think that ATM's are only 0.1% fee..
seriously check them out and do a example calculation, especially checking out the spread.. as that is always a hidden difference.

for instance
lets say the prices of bitcoin are:
$330 - bitfinex
$320 -btc-e
$325 - coinbase.

an ATM allows you to buys at bitfinex rate and sell your bitcoin at BTC-e rate..remember, spread is not fee.. so they can play with spread and not even mention fee.. but then separately add on a 0.1% fee after

so say you had $330.33 you would get 1bitcoin.. but then sell it from the exact same ATM machine. you would only get $319.68 back ($10.65 loss) and thats before playing with the volatility of different fiat currency valuations

It's not comparable, both of them are recommended.

LOL nice thread
Bitcoin better then that shit in many ways!!

I would prefer using bitcoins over western union, my main reason is because of scammers I had to deal with in the past, which was partially my fault but that's no reason for anyone to steal money.

yeah true, with bitcoin we can go anytime, but for now we should you use fiat for convert btc to main currency, it was a little bothersome