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I still think one of the best cases for crypto is a simple, low cost, relatively fast transaction. Sending and receiving money.

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by COINS NEWS 64 Views

A lot of alts already have this down but even with Bitcoin, although it’s a little slow, sending money is one of the best use cases. A lot of people don’t realize crypto is literally the first technology ever to solve this issue.

Being able to sending ANY amount of money for 0.001% or less in fees anywhere in the world. There is no issue with banks, days of the week, or the taxman. It’s how easy it should be.

I have sent large amounts of money to friends and family in different states and countries smoothly when they needed it most for rent or a utility payment.

Also now the IRS wants us to confirm and report payments as little as $600, do you know how many people will be doing that per month rent? Car payment? Maybe I bought a used tv on offer up? It’s an invasion of privacy but most of all it’s inconvenient and a waste of times and extra steps that are unneeded. With crypto you can literally step over the bank so they don’t squeeze you for fees everywhere.

I prefer the decentralizationI really do but if you’re gonna want us to report payments then might as well use a wallet on the blockchain then the IRS can just fucking see it instead of dogging us to report it ourselves. And then fining us if we forget one.

submitted by /u/wpeironnet
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