Quote:
Originally Posted by redir
BTC is on the rise again, and without getting political, because of the situation with Russia and Ukraine. It's interesting on a lot of levels but one is that it is rising because it is showing itself to be of it's original design, a digital currency.
Ukraine has opened up to cryptocurrencies and there are aid organizations accepting BTC, ETH and other digital currencies to help on the ground. I can send BTC to my family and friends in Ukraine in seconds, no bank transfers, no middle man, no fees. Just a transfer of currency from my wallet to theirs.
It's really a beautiful thing.
As a result for investors, the price is rising once again. It will be interesting to see if more people realize the utility of cryptocurrencies after this.
|
By seconds, do you mean a few days?
There's a reason bitcoin isn't scalable, and that is a major reason.