121–130 of 176 posts
Have you used cryptocurrency for payments lately? Unless you want to pay $25 to wait 6 hours while your transaction is confirming, stick to venmo/zelle/paypal/etc... Unless, of course, you use places like Coinbase that pool transactions or bypass the network altogether, but then... what's the point of cryptocurrency?
Ethereum definitely doesn't cost that much and take that long as of late.
Have you used cryptocurrency for payments lately? Unless you want to pay $25 to wait 6 hours while your transaction is confirming, stick to venmo/zelle/paypal/etc... Unless, of course, you use places like Coinbase that pool transactions or bypass the network altogether, but then... what's the point of cryptocurrency?
Ethereum definitely doesn't cost that much and take that long as of late.
Layer-2 does alleviate some of the issues though, and all those talking about Lightning Network should look into Raiden.
Don't trust, verify. It makes sense to Visa since they are in the business of verifying trust. Proof of transaction history (ie credit) is public and inherent to blockchain, apparently this is taking some time to realize.
Earlier quoted context omitted.
> they will eventually realize, those rewards are not worth the cost. Debit cards in the US have been available and basically free to use for all merchants and purchasers for many decades. Yet, merchants willingly do not give people that buy with a debit card a discount. That seems like proof to me that merchants are betting that they earn more money from the use of credit cards, even after the fees associated with t…
Cash discounts are predominantly at gas stations in the US.
You might only see them in gas stations, but it is much more likely that those are the local businesses you go to the most, since those are the ones working around the credit card merchant contracts.
Earlier quoted context omitted.
Cash discounts are predominantly at gas stations in the US.
Not only is that not true, it's against the terms of service of credit card companies for a business to do that. You might only see them in gas stations, but it is much more likely that those are the local businesses you go to the most, since those are the ones working around the credit card merchant contracts.
For what it’s worth I believe cash discounts have never been against terms of service, specifically what was, were credit card surcharges, minimum transaction sizes and various other forms of discrimination against credit.
Have you used cryptocurrency for payments lately? Unless you want to pay $25 to wait 6 hours while your transaction is confirming, stick to venmo/zelle/paypal/etc... Unless, of course, you use places like Coinbase that pool transactions or bypass the network altogether, but then... what's the point of cryptocurrency?
For example, you buy 0.1 BTC using euros, you then pay a merchant asking for 0.1 BTC, which he will withdraw as dollars. Noticed that neither the buyer nor the seller manipulate bitcoin. No address, no transaction on the blockchain. It shows bitcoin on your account but in reality, it was a euro to dollar transaction.
Most likely you will be able to have a bitcoin account too, but again, dollars in, dollars out. If bitcoins raises in value, you get more dollars, if it crashes, you get less, but you never get actual bitcoin.
Edit: And BTW that's the reason why most people are using cryptocurrency for, as an index like gold. Besides criminals, few people use it to make payments.
Have you used cryptocurrency for payments lately? Unless you want to pay $25 to wait 6 hours while your transaction is confirming, stick to venmo/zelle/paypal/etc... Unless, of course, you use places like Coinbase that pool transactions or bypass the network altogether, but then... what's the point of cryptocurrency?
So this is how they are going to regulate it now.
Have you used cryptocurrency for payments lately? Unless you want to pay $25 to wait 6 hours while your transaction is confirming, stick to venmo/zelle/paypal/etc... Unless, of course, you use places like Coinbase that pool transactions or bypass the network altogether, but then... what's the point of cryptocurrency?