Oddbean new post about | logout
 #AES #Bitcoin §48 Medium of Exchange for Large Transactions 
With Bitcoin, there is no international border concept. No transfer limits. With Bitcoin, more than one billion dollars is transferred from the U.S. to anywhere in the world for less than one U.S. dollar, and within three confirmations, about thirty minutes, the transaction is considered immutable. No authority in the world can censor, change, or reverse that transaction on Bitcoin’s first-layer network.