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with bitcoin, transfers clear within ten minutes. The fees are dramatically cheaper (domestic wire transfers are at least $10, international are more like $30) and there's no need to 'prove' anything.

With bitcoin, you can also do all this at anytime, not just within the 9-5 Mon-Friday, no holiday bank schedules.


That wasn't the point that I was responding to (which is that it's difficult to move money around in traditional banks), but since you brought it up:

> The fees are dramatically cheaper (domestic wire transfers are at least $10, international are more like $30)

I pay no fee for the service I described. Not a penny.

> and there's no need to 'prove' anything.

This took a few hours, and was quite low-effort. Not a problem I'm looking to solve in my life, since I only did it once.

> With bitcoin, you can also do all this at anytime, not just within the 9-5 Mon-Friday, no holiday bank schedules.

As can I.


$0.25 per transaction using dwolla. Roughly $5 to use SEPA. or worst case $15 bank transfer.

Compare that to the fees charged by Western Union or Money Bookers or credit card companies.. You're looking at $30 minimum + 6%-12%


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