[Cryptography] What has Bitcoin achieved?
Jonathan Thornburg
jthorn at astro.indiana.edu
Wed Jun 25 15:32:44 EDT 2014
> (I realize nobody uses checks in Australia any more, but substitute
> whatever you use to tell your bank to pay bills.)
Two other contemporary-use-of-cheques notes:
* BC Hydro, the main electricity utility in the province of
British Columbia, Canada, does not currently offer online payments.
(I think they'll allow you to use a 3rd-party online payment system,
who of course charges a fee for that "privilege", quite apart from
any security issues.) So, I mail a paper cheque to BC Hydro every
2 months to pay my electricity bill.
* Typical international wire-transfer fees between (say) the USA and
Canada are around $50-$75 per transfer. Depending on your financial
institution's fee schedule and exchange-rate policies, mailing a paper
cheque can be significantly cheaper than an international wire transfer.
--
-- "Jonathan Thornburg [remove -animal to reply]" <jthorn at astro.indiana-zebra.edu>
Dept of Astronomy & IUCSS, Indiana University, Bloomington, Indiana, USA
currently on the west coast of Canada
"There was of course no way of knowing whether you were being watched
at any given moment. How often, or on what system, the Thought Police
plugged in on any individual wire was guesswork. It was even conceivable
that they watched everybody all the time." -- George Orwell, "1984"
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