Topic: decentralized Bitcoin are highly centralized to mtgox!11 - page 9. (Read 28389 times)
seems that you are helping mtgox with introducing stupid fees to btcex...
We need more local exchanges in every country, because bank transfer is almost free if you send in the same currency.
Moreover, if all such exchanges implement free transfers between accounts on the exchange than it would be possible to transfer/convert fiat money to any country in the world.
1. Transfer fiat money to your local exchange.
2. Convert to BTC.
3. Transfer to an exchange local to payee.
4. Convert BTC into payee's currency.
5 Transfer money in payee's currency to payee account.
6. Payee withdraws fiat currency to his local bank account.
7. Banks and other middle men do not profit. (some fees to exchanges would apply, though)
Transacting in BTC still seems to be so much easier.
That wouldn't be as easy as you said. You would need to create an account on two different exchanges (one in each country), and you would be exposed to bitcoin value fluctuations between steps 2-4.
BTW, it won't be long before exchanges will start requiring ID.
In Russia was such thing.
This company states daily declaratively prices for their shares. I think that mtgox stands as such company now. (Is not charge. just someone who has an opportunity cost manipulate widely in their interests for a long time. I do not know how.) Bitcoin turned into a pyramid?
No, I'm certainly interested as bitcoiny used to pay for and now I will have to pay 3 times more.
Yes, I resent is the second time since the previous race. Such jumps put a cross on the distribution of bitcoin as a means of payment. I will not use them as such in the near future.
This company states daily declaratively prices for their shares. I think that mtgox stands as such company now. (Is not charge. just someone who has an opportunity cost manipulate widely in their interests for a long time. I do not know how.) Bitcoin turned into a pyramid?
No, I'm certainly interested as bitcoiny used to pay for and now I will have to pay 3 times more.
Yes, I resent is the second time since the previous race. Such jumps put a cross on the distribution of bitcoin as a means of payment. I will not use them as such in the near future.
Digital hawala network. Somebody is working on it.
We need more local exchanges in every country, because bank transfer is almost free if you send in the same currency.
Yes it's a weakpoint of bitcoin, as are all the exchanges.
Until someone implements the anonymous exchange idea found here http://bitcoinweekly.com/articles/anonymous-money-needs-an-anonymous-exchange it will remain so.
Also the arrival of OTC exchanges.
Until someone implements the anonymous exchange idea found here http://bitcoinweekly.com/articles/anonymous-money-needs-an-anonymous-exchange it will remain so.
Also the arrival of OTC exchanges.
Do not you think that a decentralized currency Bitcoin a highly centralized to mtgox? So that users are more profitable to move all his bitсoins into mtgox.
Yes, dammit, I resent, because paying for the work with bitcoins!
Confess that you simply draw exchange rates!
Yes, dammit, I resent, because paying for the work with bitcoins!
Confess that you simply draw exchange rates!
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