Not sure why you're getting downvoted for this, especially since this is the main idea of the article.
So what's to keep a loose network of independent merchants from popping up around the globe to undercut Western Union?
So what's to keep a loose network of independent merchants from popping up around the globe to undercut Western Union?
I don't know if such a system will come into being but it seems like most of the pieces are already in place. The biggest problem would be converting local currencies into and out of Bitcoin.
There's a portion of internet users who have decided that they really really hate Bitcoin and go out of their way to denigrate it and downvote anyone who doesn't share their views. I can understand the people who are skeptical, because Bitcoin definitely has its problems, but this seething hatred mystifies me...
It still was a fascinating thing to think about from a software point of view, IMO.