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Ash HN: Best Micropayment Processor?

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Re: Ash HN: Best Micropayment Processor?

#31

Post by redavni »

sneak wrote: post #21
colesantiago wrote: post #17

Earlier quoted context omitted.

Nope, what are they backed by? Nothing other than 'attestations' and 'trust me bro'. Tether is a fraudulent ponzi, USDC is not stable and is backed by meaningless attestations, Luna is, well gone all the way to the floor. Even if we take USDC on ETH there exists the uncontrollable volatile gas fee tax which is pointless for micropayments. 'Stablecoins' (or 'stabletokens' are inherently fraudulent and dead on arrival…

What is USD “backed by”? It’s not gold and it’s not any USG promise to pay. Stablecoins don’t need to be backed by anything to be stable. I agree with most of what you say, but that doesn’t actually refute my point that stablecoins are, in fact, more stable than most cryptocurrencies. They are more than stable enough to use for a payment aggregation layer for a few days. I even agree with you about Tether being a fra…

The USD is backed by US Military, The Secret Service, ~165 million highly educated wage earners, a long tradition of capitalism, and millions of accountants making things more complicated than they need to be. Long term trends towards socialism and marxism are serious threats to dollar valuation though.

Re: Ash HN: Best Micropayment Processor?

#32

Post by sneak »

redavni wrote: post #31
sneak wrote: post #21

Earlier quoted context omitted.

What is USD “backed by”? It’s not gold and it’s not any USG promise to pay. Stablecoins don’t need to be backed by anything to be stable. I agree with most of what you say, but that doesn’t actually refute my point that stablecoins are, in fact, more stable than most cryptocurrencies. They are more than stable enough to use for a payment aggregation layer for a few days. I even agree with you about Tether being a fra…

The USD is backed by US Military, The Secret Service, ~165 million highly educated wage earners, a long tradition of capitalism, and millions of accountants making things more complicated than they need to be. Long term trends towards socialism and marxism are serious threats to dollar valuation though.

We have very different definitions of “backed”, then, and are probably talking at cross purposes.

Re: Ash HN: Best Micropayment Processor?

#33

Post by carlosjobim »

colesantiago wrote: post #10
leesalminen wrote: post #5

This is going to be unpopular here, but Bitcoin’s layer 2 Lightning Network is pretty ideal for micropayments. Strike (strike.me) is a Venmo-like app that lets users connect their bank account and then hold a USD balance. The only difference is that users can use their USD to send Bitcoin to the other end. They’re not exposed to bitcoin’s price volatility. On nostr, users are sending micro tips to other each other fa…

Crypto, Bitcoin and the rest of it cannot (and can never be) a solution to micropayments at all. It encourages people to lose their money due to extreme volatility and nobody uses it for anything other than speculative trading which also encourages people to lose money.

The OP is talking about micro-payments. You wouldn't need to load your life savings into Bitcoin or any other crypto to have some money for micro-transactions.

Re: Ash HN: Best Micropayment Processor?

#35

Post by maia_g »

Paddle has a special pricing for selling products under $10, just 10% - so your $1 fee will end up being $0.10 - it's upon request so you have to ask, but I was making zero sales and they still enabled it for my account.
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