For me, bitcoin solves a practical problem (& creates another one). I live & work in France, helping the French Protestant Reformed Evangelical union of churches start new churches, but I'm paid in the US by our sending organization, Mission to the World. I could wire a portion of my salary each month, but my bank charges$40 per wire, & my French bank takes a 35€ cut when I receive it - nearly $75, so I would need to wire at least $7,500 to only pay 1% in wire fees---but that's way more than my monthly paycheck. Transferwise can send from USD to EUR for a flat 1%, so that's an option.
However, I can use Bitsquare (peer to peer libre software like bittorrent but for bitcoin) to buy in the US, then sell that bitcoin here for EUR, and even with bitcoin's current "high" fees due to network congestion, I pay about $1 or $1.5, so usually under $3 to move from USD to EUR via bitcoin. Even back when 1bitcoin was in the $600 range last year, my cost was usually 0.3% or less, so I'm saving money and using a technology I enjoy.
The problem bitcoin creates for me is that the IRS currently treats bitcoin as property rather than a currency, so I have to track my cost basis and capital gains/losses for every bitcoin transaction. Even using ledger CLI to keep my books, its a bit of a headache. But I'm learning more stuff, and hope to write some shell scripts or a simple program to automate the bits I can... bitcoin allows us to have programmable money, after all. I put up with the hastle because I enjoy learning the technology.
Le 25 mai 2017 19:28:41 GMT+02:00, [hidden email] a écrit :
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