Atta’ boy! Locked in, eye on the prize, never give in, never give up

You think I’m wrong? Then explain.

You’re speaking in circles, my man.

If the dude said “no” then they wouldve just gone above him, expending more resources (and potentially adding obstruction charges) and gotten the keys that way.

You: Nope, that’s it.

1.) Not sure where you’re traveled but there are PLENTY of countries who’s local economies happily accept US dollars.

If you can’t recognize that the demand function for the US dollar is more complicated than it is for crypto

I was waiting for ye olde “fiat currency” strawman.

So what u/ncbo said above, when there are multiple institutions in between the sender and recipient, do they ALL apply the same artificial delay (since they are all technically recipients), or are the intermediary recipients of the transfer treated as senders according to the regulation you described, and so only the…

I’m not wasting my time any further with this discussion.

However, banks take advantage of people being used to it taking a couple days. So now the money transfers out and is in the receiving institutions hands immediately, but they hold on to it to have ‘free’ money to play with for a couple days. It may not seem like much, but when up to $5 trillion ‘changes hands’ every…

So are you going to ever going to actually answer my questions, or are you just going to continue to imply that you know what you’re talking about instead of actually demonstrating it?

So, a US dollar’s value is determined by whatever someone thinks it’s worth? Or is it a little more complicated than that?

I paid $2 on a $2,000 transfer of Bitcoin. And people have moved millions on less than $10, or a few dollars for a couple of cents. I don’t think Western Union scales that high or that low.

So crypto needs to be exchanged for other existing currencies to be of any actual use in this scenario?

Wouldn’t using crypto at visa terminals be making an exchange through parties you don’t have control of?

Only if you are also saying that the US dollar isn’t currency because you need to cash it out to a local currency when you’re in a different country.

Ok, so I’m extremely curious about this. For full disclosure, I’m pro-crypto but I’m not an ideologue (even if I sometimes come off as such when I talk to anti-crypto people here on GMG’s comments sections, just because of the instant vitriol typically directed at me).

To cash out into what?

The main reason why ACH transfers are “slow” is because the institutions tracking them hold all of it until a nightly batch process is run, but it doesn’t have to be that way. More of us out there are moving to real time integrations for processing