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Bitcoin Available at 10,000 Indomaret Stores in Indonesia
11–20 of 24 posts
Re: Bitcoin Available at 10,000 Indomaret Stores in Indonesia
#12Earlier quoted context omitted.
> bitcoin/etc don't solve the consumer credit problem. True. Bitcoin should be compared to debit cards instead of credit cards. It isn't a credit-based system. The things Bitcoin is good for though (in its current stage) are more specialized, like paying someone the equivalent of $5 in Nicaragua. > And if someone's going to go through the ropes to set up an account on a bitcoin wallet service and deposit money into i…
> Bitcoin wallets are far easier to create than bank accounts. That might be so, but transferring real-world money into one (a requirement until value stabilizes †) is not nearly as simple. > It's by design that so few people in the world have a bank account, but anyone with an internet connection can get a Bitcoin wallet. This reads a little funny when you remember that far fewer people in the world have a Bitcoin w…
> far fewer people in the world have a Bitcoin wallet. Could this be a mere matter of implementation of the design?
imho it has more to do with the fact that banks have been around for hundreds of years and Bitcoin is brand new.
Re: Bitcoin Available at 10,000 Indomaret Stores in Indonesia
#13Earlier quoted context omitted.
> Bitcoin wallets are far easier to create than bank accounts. That might be so, but transferring real-world money into one (a requirement until value stabilizes †) is not nearly as simple. > It's by design that so few people in the world have a bank account, but anyone with an internet connection can get a Bitcoin wallet. This reads a little funny when you remember that far fewer people in the world have a Bitcoin w…
> far fewer people in the world have a Bitcoin wallet. Could this be a mere matter of implementation of the design? imho it has more to do with the fact that banks have been around for hundreds of years and Bitcoin is brand new.
What is the rate of Bitcoin wallet creation, compared with rate of de-unbanking?
Re: Bitcoin Available at 10,000 Indomaret Stores in Indonesia
#14I'm living in Indonesia currently and I haven't seen anything being sold in bitcoin or any bitcoin-related advertising anywhere. This also seems like a big drawback: "There is currently no offline way to purchase Bitcoin through the Indomaret stores, however, since the users will need to log into their accounts and get a code." That said, it's interesting how many essential services are a la carte here. You buy phone…
Can you please explain "Meter Number?"
Re: Bitcoin Available at 10,000 Indomaret Stores in Indonesia
#15Earlier quoted context omitted.
> far fewer people in the world have a Bitcoin wallet. Could this be a mere matter of implementation of the design? imho it has more to do with the fact that banks have been around for hundreds of years and Bitcoin is brand new.
What is the rate of Bitcoin wallet creation, compared with rate of de-unbanking?
That sounds like a fair question but could equally be disingenuous.
Is the rate of lack of use of bank accounts ever likely to be public knowledge? There's zero incentive on the banks' side to publicise that kind of information.
If it's not publicly available then your question sounds quite loaded.
Re: Bitcoin Available at 10,000 Indomaret Stores in Indonesia
#16I'm living in Indonesia currently and I haven't seen anything being sold in bitcoin or any bitcoin-related advertising anywhere. This also seems like a big drawback: "There is currently no offline way to purchase Bitcoin through the Indomaret stores, however, since the users will need to log into their accounts and get a code." That said, it's interesting how many essential services are a la carte here. You buy phone…
Can you please explain "Meter Number?"
He probably meant the number id for the electricity meter/gauge in their home.
Re: Bitcoin Available at 10,000 Indomaret Stores in Indonesia
#17I'm living in Indonesia currently and I haven't seen anything being sold in bitcoin or any bitcoin-related advertising anywhere. This also seems like a big drawback: "There is currently no offline way to purchase Bitcoin through the Indomaret stores, however, since the users will need to log into their accounts and get a code." That said, it's interesting how many essential services are a la carte here. You buy phone…
Can you please explain "Meter Number?"
Number on your utility meter, likely functioning as an account number with the utility company.
Re: Bitcoin Available at 10,000 Indomaret Stores in Indonesia
#18I'm living in Indonesia currently and I haven't seen anything being sold in bitcoin or any bitcoin-related advertising anywhere. This also seems like a big drawback: "There is currently no offline way to purchase Bitcoin through the Indomaret stores, however, since the users will need to log into their accounts and get a code." That said, it's interesting how many essential services are a la carte here. You buy phone…
> bitcoin/etc don't solve the consumer credit problem. True. Bitcoin should be compared to debit cards instead of credit cards. It isn't a credit-based system. The things Bitcoin is good for though (in its current stage) are more specialized, like paying someone the equivalent of $5 in Nicaragua. > And if someone's going to go through the ropes to set up an account on a bitcoin wallet service and deposit money into i…
> Bitcoin wallets are far easier to create than bank accounts.
What's the recommended wallet software to use these days that doesn't need tens of gigabytes of blockchain storage? All of the non-full-blockchain clients seem shady to varying degrees.
Re: Bitcoin Available at 10,000 Indomaret Stores in Indonesia
#19Earlier quoted context omitted.
What is the rate of Bitcoin wallet creation, compared with rate of de-unbanking?
That sounds like a fair question but could equally be disingenuous. Is the rate of lack of use of bank accounts ever likely to be public knowledge? There's zero incentive on the banks' side to publicise that kind of information. If it's not publicly available then your question sounds quite loaded.
> Is the rate of lack of use of bank accounts ever likely to be public knowledge? There's zero incentive on the banks' side to publicise that kind of information.
Public authorities can estimate this (FDIC in the U.S. has done so) and general trends should be evident (if half of previously unbanked Indians get bank accounts we won't need banks to tell us).
But fair - just the rate of Bitcoin wallet creation then? Maybe compare to global/country population growth.
Re: Bitcoin Available at 10,000 Indomaret Stores in Indonesia
#20Earlier quoted context omitted.
> bitcoin/etc don't solve the consumer credit problem. True. Bitcoin should be compared to debit cards instead of credit cards. It isn't a credit-based system. The things Bitcoin is good for though (in its current stage) are more specialized, like paying someone the equivalent of $5 in Nicaragua. > And if someone's going to go through the ropes to set up an account on a bitcoin wallet service and deposit money into i…
> Bitcoin wallets are far easier to create than bank accounts. What's the recommended wallet software to use these days that doesn't need tens of gigabytes of blockchain storage? All of the non-full-blockchain clients seem shady to varying degrees.
I like Electrum: https://electrum.org/
From the site: "Instant on: Your client does not download the blockchain. It uses a network of specialized servers that index the blockchain"