Most of the forum posters here, being from the US or EU don't realize it because they don't see it. It is extremely difficult to buy coins in volume from 3rd world countries.
If you're a South American today, you cannot hook your bank to any exchange. You cannot get market prices. There is no way to acquire ""fair"" value BTC other than LocalBitcoins or the such. None.
Only people with access to foreign bank acc's can. The rest buy p2p or with CC's in dodgy sites, and always at 15-25% markup.
If you're a South American today, you cannot hook your bank to any exchange. You cannot get market prices. There is no way to acquire ""fair"" value BTC other than LocalBitcoins or the such. None.
Only people with access to foreign bank acc's can. The rest buy p2p or with CC's in dodgy sites, and always at 15-25% markup.
it's not just the 3rd world countries though, people in most countries are paying 5-10% premium because of the international transfers involved, Australia to Gox for eg. is like 5% + $90 USD.
Yes it an unfair advantage to the most advanced countries, but the hope is that this time, they can be ripped off only once, after that the playing field can be more leveled.
