&gt; BTC is not simple enough to allow regular people to send remittances to other countries.<p>They are using companies to do it. There are also multiple bitcoin atms in other countries. Also a company in thailand has made it so anyone can send btc to a code, and someone using that code can get cash from the atm.<p>&gt; Are you telling me that people who send their money overseas are going to wait for BTC to process their payment which may take an insane period of time seeing that right now Bitcoin can only process 1-3 transactions per second?<p>This is so far off base I have to wonder if you have even used bitcoin or if you are just threatened by it in some way.  I&#x27;ve bought things with it many times including very recently. Transactions take 1-2 seconds to show up, and the same 10 minutes per miner confirmation that they always have (coinbase will let you use money after 3 confirmations).<p>&gt; What is in place right now works fine for those who want to send money overseas to their families. Hell, it doesn&#x27;t require a day&#x27;s worth of electricity consumption by an average home to do so.<p>Both of these things are total bullshit. Gouging people who already have very little money for 11% just for them to send it to their families is not &#x27;working&#x27; and your electricity idea is so ridiculous I think the burden of proof is on you ( and keep in mind that more transactions don&#x27;t use up more electricity).