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    Author Topic: Better Alternatives...?  (Read 2085 times)
    roy (OP)
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    May 16, 2011, 04:28:12 AM
     #1

    I was speaking to a chinese friend and what he said made me wonder why the fuss over bitcoins.

    In china their ebay-like website Taobao uses a service called Alipay that offers an instant, free, escrow-based transaction service.
    -it's faster than bitcoins (instant)
    -it's cheaper than bitcions (completely free, unless you use it a lot, similar to clearcoin)
    -it's easier than bitcions to buy/sell

    The only benefit I see with bitcoins is that the transactions can be anonymous. Also perhaps the fact that the currency is limited and controlled by a group rather than a government...

    So that leaves me with two questions..
    1.) why does the 'western' world seem so far behind?
    2.) if this becomes the norm, what would it mean for bitcoins?
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