On: Bitcoinica lost customer database, has no up to date record of trading balances

[Jackten]

with bitcoin, transfers clear within ten minutes. The fees are dramatically cheaper (domestic wire transfers are at least $10, international are more like $30) and there's no need to 'prove' anything.

With bitcoin, you can also do all this at anytime, not just within the 9-5 Mon-Friday, no holiday bank schedules.

[jsprinkles → Jackten]

That wasn't the point that I was responding to (which is that it's difficult to move money around in traditional banks), but since you brought it up:

> The fees are dramatically cheaper (domestic wire transfers are at least $10, international are more like $30)

I pay no fee for the service I described. Not a penny.

> and there's no need to 'prove' anything.

This took a few hours, and was quite low-effort. Not a problem I'm looking to solve in my life, since I only did it once.

> With bitcoin, you can also do all this at anytime, not just within the 9-5 Mon-Friday, no holiday bank schedules.

As can I.