Jed--
Who makes the 1% or more mark up on foreign currency exchanges anyway? Why is
it not an exchange based on the current international rate with no markup for
the common trader? It seems there may be a monopoly in that currency exchange
business.
Bob Cook
----- Original Message -----
From: Jed Rothwell
To: vortex-l@eskimo.com
Sent: Saturday, March 01, 2014 2:26 PM
Subject: Re: [Vo]:[OT] 740,000 Bitcoins Missing
Craig <cchayniepub...@gmail.com> wrote:
Borders are opening up as people are now able to trade with each other
without the expensive exchange rate tax, which every merchant in every
third-world country experiences when he tries to compete with countries which
do not want his government's currency.
Surely we can find a solution to that problem that does not involve a
ponzi-scheme currency that fluctuates in value by hundreds of dollars a day,
and that is wide open to the largest theft in the history of banking.
No longer need people be burdened by expensive transaction fees which can
cost upwards of $50, and a day's time, to send money to some other part of the
world.
I often buy things in Japan with a credit card, such as books from Amazon.com
Japan. It takes no time at all. It is no different from buying things from a
U.S. vendor. The bank charges a little extra for the currency conversion. You
can send money to people in Japan with PayPal, I believe.
Maybe this is not an option in the third world, but I suppose it could be. I
have seen web sites in Guatemala recently that take credit cards.
I will grant, buying with a credit card is not an anonymous, untraceable
transaction. I know that libertarians and drug dealers want it it be anonymous
and untraceable, but I don't care about that, and I suppose most people do not
care.
Bitcoin will be to money, what email is to the telephone, and what the
telephone is to mail: Revolutionary!
Bitcoin is to the telephone as the "burner" throw-away cell phones are to
regular cell phones: an ideal way to conduct criminal activities.
- Jed
