Clearly, you've never been paid for goods or services by someone overseas. Even in this day of highly-networked banks, I have to wait 4-5 days for an international wire payment, and I get charged $12. My counterpart overseas pays $20 for the transaction, and would love to pass that cost on to me (but I refuse to pay it). Many banks charge $20 or more for incoming international wire transfers. So it can cost anywhere from $25 to $40 USD to make an international wire payment.
However, if my clients used Bitcoins, I would receive the money in an hour or less, and pay like a $0.10 charge. Any no one would have the power to suddenly say, "oh wait, we're going to have to raise our fees".
Thousands of freelance writers, translators, programmers do a significant portion of their work with international clients. But the banking system rules out doing any job worth less than several hundred dollars, unless you want to lose 1/4 or 1/5 of your income to fees. I routinely turn down jobs that I could do in 30 minutes and make $150 because it's not worth the hassle of arranging an international wire transfer.
Do you understand now the legitimate need for this kind of currency?
However, if my clients used Bitcoins, I would receive the money in an hour or less, and pay like a $0.10 charge. Any no one would have the power to suddenly say, "oh wait, we're going to have to raise our fees".
Thousands of freelance writers, translators, programmers do a significant portion of their work with international clients. But the banking system rules out doing any job worth less than several hundred dollars, unless you want to lose 1/4 or 1/5 of your income to fees. I routinely turn down jobs that I could do in 30 minutes and make $150 because it's not worth the hassle of arranging an international wire transfer.
Do you understand now the legitimate need for this kind of currency?