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Right, but there is zero risk distribution which contributes to the transaction cost differential with other services.

If bitcoin were to become mainstream, the transactional cost would raise because of the overhead with risk deferment.

Cryptocurrencies will definitely become mainstream because of the international and speed factors, but I don't think it will be bitcoin.



When you say risk deferment, which type of risk are you discussing specifically?

I see cryptocurrency use as being largely automated and transparent to the consumer in future. I think Bitcoin may have a place, but other more popular systems will provide solutions to many of its more gaping issues (rapid local settlement suitable for point of sale, complexity of implementation, lack of chargeback/cancellation channels, initial counterparty trust bootstrap, reputation management, etc.)

I started having a think about how these might come together over here ... comments/thoughts/collaboration welcome. http://ifex-project.org/




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