Then they will ask why nobody wants to use their payment cards
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And guess what cash doesn't need to actually work, unlike credit, checks and crypto.
An economy?
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A paper check is not cash. A credit score is not cash. Physical backed up currency in your hand is cash. And I don't think you can get cash anymore. Only Fiat
paper checks are cash
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An economy?
All four of them require that.
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Yeah, I'm going to buy my games with bitcoin now.
Oh shit, the fee is higher than the price of the game, can I use Litecoin ?
Litecoin is cool.
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wrote last edited by [email protected]
This exists too ::: spoiler spoiler
https://coinstats.app/coins/8fZL148nnC168RAVCZh4PkjvMZmxMEfMLDhoziWVPnqf_solana/
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Yeah, I'm going to buy my games with bitcoin now.
Oh shit, the fee is higher than the price of the game, can I use Litecoin ?
Bitcoin is pretty old, newer cryptocurrencies are more efficient.
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the fee might be higher at some points but you're just blabbering. check mempool.space and actually look at what fees are at rn + consider that there are many chains and l2s that can be used for payment. B)
A dollar in fees is a dollar more than with fiat for the person paying. That and do you expect enough normal people to learn about L2s and chains to make it worthwhile for Valve or whoever to implement support for anything besides the main chains of 2-3 major cryptos and stablecoins on ethereum main?
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I'm in Germany and people believe this. I say, if I have my credit card stolen, I can stop the card with my bank app and be refunded for the purchases the thief made.
If they have their 500€ of cash stolen, that's it. It's gone. No amount of crying about how cash is king will bring it back.
You are only considering half the issue. If you manage to "aquire" 500 in cash...
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If by mid-60s you mean 1971...?
I seem to have gotten the beginning of the process and the final cutoff date. Confused. That would be the cutoff date, not when they started to restrict the ability to convert
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Both sides are bad
This. Corporate shit weasels or supporting human trafficking.
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Yep. Just because one side is bad, it doesn't mean the other is any good.
Cryptocurrency is still dependent of a pyramid scheme and criminals-enabling. Credit card companies are still a private owned government branch with no concern for human rights and criminals-enabling.
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Bitcoin is pretty old, newer cryptocurrencies are more efficient.
I'm glad we're spending the equivalent of a couple dozen million households of electricity on it
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I'm in Germany and people believe this. I say, if I have my credit card stolen, I can stop the card with my bank app and be refunded for the purchases the thief made.
If they have their 500€ of cash stolen, that's it. It's gone. No amount of crying about how cash is king will bring it back.
Paying in cash doesn't cost extra, by card does
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Yeah, I'm going to buy my games with bitcoin now.
Oh shit, the fee is higher than the price of the game, can I use Litecoin ?
wrote last edited by [email protected]The current Bitcoin transaction fee is $0.67. Which means for a purchase larger than $34, Bitcoin is cheaper than the average credit card transaction fee.
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A dollar in fees is a dollar more than with fiat for the person paying. That and do you expect enough normal people to learn about L2s and chains to make it worthwhile for Valve or whoever to implement support for anything besides the main chains of 2-3 major cryptos and stablecoins on ethereum main?
wrote last edited by [email protected]A dollar in fees is a dollar more than with fiat for the person paying.
Average credit card transaction fee is ~2%. So a dollar of Bitcoin fees makes Bitcoin cheaper for any purchase over $50.
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Yep. Just because one side is bad, it doesn't mean the other is any good.
Cryptocurrency is still dependent of a pyramid scheme and criminals-enabling. Credit card companies are still a private owned government branch with no concern for human rights and criminals-enabling.
wrote last edited by [email protected]I learned recently FedNow is a payment processor ran by the Federal Reserve, with a fee of $0.043 per transaction. Making it much, much cheaper than every other payment processor out there.
It just launched two years ago; I'm wondering if this might become more of a thing moving forward for digital payments.
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A dollar in fees is a dollar more than with fiat for the person paying.
Average credit card transaction fee is ~2%. So a dollar of Bitcoin fees makes Bitcoin cheaper for any purchase over $50.
The transaction fee is not paid by the consumer (directly), and lord knows sellers are not going to lower prices based on payment method.
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I learned recently FedNow is a payment processor ran by the Federal Reserve, with a fee of $0.043 per transaction. Making it much, much cheaper than every other payment processor out there.
It just launched two years ago; I'm wondering if this might become more of a thing moving forward for digital payments.
Say that any louder and it’ll be DOGEd overnight.
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I'm in Germany and people believe this. I say, if I have my credit card stolen, I can stop the card with my bank app and be refunded for the purchases the thief made.
If they have their 500€ of cash stolen, that's it. It's gone. No amount of crying about how cash is king will bring it back.
So then don't carry 500 in cash then. You only need enough cash in your wallet to cover the expenses you might encounter in a single day. And having cash on you doesn't mean you can't have cards too in case you need more money
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A dollar in fees is a dollar more than with fiat for the person paying.
Average credit card transaction fee is ~2%. So a dollar of Bitcoin fees makes Bitcoin cheaper for any purchase over $50.
But it's not variable so the seller prices it in. Switch to Bitcoin and you have to pay it while prices likely stay the same. Also lately most of my games have been under 30 EUR tbh
