Yeah he definitely did that the wrong way. Should have waited a day for the payment to clear before sending. Some people learn the hard way though.
Yes, they can have a bank account. But, if the bank decides not to let you have your money like in the Greek financial crisis. Good luck. There are far more people who loss money from fiat devaluation. Since 1913 the USD has devalued more than 96%. The whole world is not EU. Someone send $194million in btc and it only costs $0.1. Mosts hacks are people not storing private keys properly. It you run a supercomputer from beginning of universe until now you probably still have not guessed the private keys to a wallet. Banks can pay you back in a hack because they just print more money which further devalues the currency. Nano and litecoin are cryptos which have almost instantenous sending speed.
Somebody who can sent $194million does not care about $0.1 or $100 to pay. That's in fact completely irrelevant. It is not his core business.And he has no risk that a Canadian boy pretends to be death in Thailand so that he loses all his coins forever. If my banker does do that the bank pays me back in full. If paying $100 can safe me from that risk I know what to choose. These small coins have a much higher risk of hacking so you should not use them. Do you really think a delay of 3 minutes would be important? If that is the case people should quicker chase for their money or speed up their invoicing proces. I never receieved any remarks because my billls are not paid within seconds. Most arguments that are used pro coins are mostly irrelevant. The most esential arguments are never usezd as they are rather against coins: safety, incredible volatility, impossibility to pay with it in 99% of places, massive manipulation of their value...
At first you were using fees and transaction times as part of your winning argument. But then after being rebutted flatly, you changed your tune to them being "inconsequential". Also, like I have said, it is impossible to get hacked if you store your private keys securely. Litecoin has been around almost as long as bitcoin and isn't a small coin with 3 billion over market cap. Banks are not hacked proof either, criminals almost made away with 1 billion in 2016 Bangladesh cyber heist. Value of coins will stabilize when the whole crypto market matures. By then you will miss out the insane gains already.
In the history of mankind no easily made or replacable product without copyright protection ever kept its high value for a long time. Bitcoin will not be the first... It is Pokimon for the millenials...
I was talking to some dude that told me that he keeps a fair chunk of his net worth in gold coins. - Why coins? - So when TEOWAWKI happens I can buy canned food and ammo! - Don't you think it's better to store canned food and ammo then? << confused silence >>
In which countries. In most you require minimal deposit of something like $2. If you have a cell phone and data, you have $2. There are no additional fees. Are you claiming people without a bank anywhere around, meaning probably barely any electricity, are going to pay using bitcoin? You're talking about western countries. In poorer countries depositing to an account or transferring is typically free or with a minimal fee. Never heard of ID verification being asked for small transactions. Everything you say does not make sense because smartphones cost money, electricity costs money and data costs money. Yet they have no IDs and can't afford to pay anything for a transaction?
Not really, a lot of people have to use the public library internet. You're not speaking for everyone, which I'm sure you already know this... Even then, nowadays it's extremely easy to get a smart phone. But I do agree that some places won't be able to have it at all. Crypto has brought more economy to less economic places. Just read about Venezuela. Crypto has helped it grow economicly. Don't take my word for it, look it up. Ever heard about borrowing a friends computer? Using a friends cellphone? It's pretty funny how I need to explain this, you must have been pampered your whole life.