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    Author Topic: Will Bitcoin Really Save Money?  (Read 2619 times)
    khme88 (OP)
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    May 29, 2014, 01:45:31 PM
     #1

    I was wondering whether Bitcoin, when adopted en-masse, will really liberate merchants from fees that are currently hurting them. Right now it's definitely cheaper, but won't the same necessary security-costs that are placed on the current system be placed on Bitcoin somehow? All these Bitcoin start-ups will need to make money somehow. That means they have to charge either merchants or customers for their services, no matter how innovative and frictionless they make the cryptocurrency use.

    Here's a quote I read (from Goldman Sachs, I believe):

    "Much of the cost of the current payment system is attributable to security and legal requirements that Bitcoin providers will eventually need to confront."

    I'm an advocate for Bitcoin and crypto in general, but I want to tackle this from all angles and learn as much as I can Smiley
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