Bitcoin is wildly unsuitable for small scale payments, at least in it's current architecture
As is the tax burden -- at least in the US.
Moneybadger and Peach Payments partner to enable Bitcoin payments
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Re: Moneybadger and Peach Payments partner to enable Bitcoin payments
#12Bitcoin is wildly unsuitable for small scale payments, at least in it's current architecture
Re: Moneybadger and Peach Payments partner to enable Bitcoin payments
#13> It is telling that the first purchases done via MoneyBadger on the Peach Payments platform were for spades at a suburban hardware store and light fittings I'd love to see better privacy here. The company blogging about the specific items being purchased suggests they have detailed information about each purchase and are willing to share it (in a blog post). Or maybe an employee made the first purchases?
Reminds me of Zuck recently confessing that "people tell llama all kinds of personal things, and they use it for therapy" (paraphrasing). They read your shit.
Re: Moneybadger and Peach Payments partner to enable Bitcoin payments
#14happy to answer any questions!
any interest in working with itch or valve given recent events?
steam used to have support but ran into volatility and price issues, so if you've got that handled it could be good press is my thinking
Re: Moneybadger and Peach Payments partner to enable Bitcoin payments
#15> It is telling that the first purchases done via MoneyBadger on the Peach Payments platform were for spades at a suburban hardware store and light fittings I'd love to see better privacy here. The company blogging about the specific items being purchased suggests they have detailed information about each purchase and are willing to share it (in a blog post). Or maybe an employee made the first purchases?
The stores just said what they sold. They didn’t say who they sold it to.
Re: Moneybadger and Peach Payments partner to enable Bitcoin payments
#16Bitcoin is wildly unsuitable for small scale payments, at least in it's current architecture
Not true https://x.com/gavingre/status/1949395378610069905?s=46
This doesn't show the merchant confirming payment. Presumably you'd wait for that before leaving the restaurant. Sending payment is just the first step.
Re: Moneybadger and Peach Payments partner to enable Bitcoin payments
#17happy to answer any questions!
Why not just use Bitcoin Cash? Bitcoin was designed to compete directly with Visa's transaction rate and still can. I don't get why people don't simple use what works?
Re: Moneybadger and Peach Payments partner to enable Bitcoin payments
#18> It is telling that the first purchases done via MoneyBadger on the Peach Payments platform were for spades at a suburban hardware store and light fittings I'd love to see better privacy here. The company blogging about the specific items being purchased suggests they have detailed information about each purchase and are willing to share it (in a blog post). Or maybe an employee made the first purchases?
The stores just said what they sold. They didn’t say who they sold it to.
That seems possible too. Are you familiar with the system, or are you also guessing?
Re: Moneybadger and Peach Payments partner to enable Bitcoin payments
#19Bitcoin is wildly unsuitable for small scale payments, at least in it's current architecture
It uses bitcoin lightning, are you referring to that?
Bitcoin (BTC) doesn't work at all for payments less than $100 (as by design) and so adding a second layer on to that only makes it MORE expensive, not less.
Like saying I can't afford my credit card fees so I'll just take a cash advance on my credit card, put the money in a bank account, then use a debit card for transactions. It makes no sense and would only work to trick a moron that doensn't understand how the system works.
Bitcoin (now called Bitcoin Cash) solved the problem 10+ years ago, then Blockstream hijacked the BTC GitHub repo and injected the SegWit and RBF code that killed the project.
Re: Moneybadger and Peach Payments partner to enable Bitcoin payments
#20Bitcoin is wildly unsuitable for small scale payments, at least in it's current architecture
It uses bitcoin lightning, are you referring to that?
You mean the not-bitcoin bolt-on that pretty much mandates using a 3rd party wallet to ensure always online status and has been bleeding capacity for the last few years?
It would be a travesty if society decides bitcoin is the defacto payment crypto, in part because you need to use a totally separate service in order to reasonably send bitcoin.