Why are the financial authorities retarded?

In one corner, you have Western Union, fleecing those in poverty for global remittances using a 180 year old monopoly.

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In the other corner, you have a California startup making remittances virtually free for the poor utilizing a fancy electronic system superior to the telegraph.

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The only Jew I would call a kike to his face is this piece of shit.

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How to send money with coinbase? Is it really cheaper than a bank transfer/western union?

A person in a rich country sends the funds using a phone to the phone of the family member in a shithole country. That person then exchanges the BTC to local money at the coinbase office, for about 1/80th of the cost as western union.

The way western union does it, the person in the shithole has to prove who they are; which is difficult when there is no functional government. Western Union steals so much from these people.

And bit(ch)coin, mysterious donations, business that profit without clients, …

Surely they have some jewish scheme sorted out.

Lots of overpriced nonsense, obvious tax havens, …

They aren't retarded, theyre evil.
It's all on purpose.

>theyre evil.
No they aren't. They are retarded.

>mysterious donations, business that profit without clients, …
>Surely they have some jewish scheme sorted out.

You hate the poor?

>exchanges the BTC to local money at the coinbase office

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You are a fool

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if you believe that, then you are retarded

Because:

1. coinbase still uses the "telegraph", just in a different way
2. coinbase does not insure your transfer
3. if BTC falls by 20% during the transfer you are fucked
4. special fees and additional insurance against this are noncompetitive against WU fees

but even then.. a bank check is still cheaper as is a wire transfer. You do know how to write a check and set up a wire transfer, right op?

>1. coinbase still uses the "telegraph", just in a different way

The internet is the evolution of the telegraph.

>2. coinbase does not insure your transfer

Good. Fuck insurance.

>3. if BTC falls by 20% during the transfer you are fucked

Better to fall by 20% than to pay 50% fee.

>4. special fees and additional insurance against this are noncompetitive against WU fees

Huh?

>but even then.. a bank check is still cheaper as is a wire transfer.

What if country doesn't have a bank?

Bullshit.

>retarded
No, they aren't dumb but evil. They know what they are doing.

>They know what they are doing.
Which regulatory authority are you referring to? The banks? The SEC? The IRS? I am confused what you mean.

I have never seen a coinbase office here although it may exist