68% of South Africans have bought or own BTC? There is simply no way. Impossible.
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Moneybadger and Peach Payments partner to enable Bitcoin payments
31–40 of 51 posts
Re: Moneybadger and Peach Payments partner to enable Bitcoin payments
#32happy 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?
BCH absolutely cannot replicate Visa's transaction rate on L1, at least not without block sizes becoming completely ridiculous
Re: Moneybadger and Peach Payments partner to enable Bitcoin payments
#33Earlier quoted context omitted.
Why bitcoin and not ethereum?
The website says Bitcoin and crypto*
Yeah, it seems kind of inconsistent. But the crypto page on peachpayments only mentions bitcoin https://www.peachpayments.com/payment-methods/cryptocurrency and moneybadger seems explicitly bitcoin: https://www.moneybadger.co.za/ ("Bitcoin payments made simple" "Accept Bitcoin or any crypto in-store or online, paid out in South African Rand or Bitcoin" "Pay with Bitcoin" "Accept Bitcoin" etc)
But I guess the answer is
> According to reported statistics, 68 percent of South Africans own or have bought Bitcoin – one of the highest adoption rates globally.
Re: Moneybadger and Peach Payments partner to enable Bitcoin payments
#34Bitcoin is wildly unsuitable for small scale payments, at least in it's current architecture
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Re: Moneybadger and Peach Payments partner to enable Bitcoin payments
#35> 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?
I mean crypto itself is only as anonymous as your most public link to your wallet too, which is one of the reasons I dislike it despite seeing the appeal of the idea. People like to compare it to cash, but the fact is every hundred dollar bill in circulation doesn't have a list of people's unique if anonymized handles who's touched it since it was printed. And that gets doubly problematic if you use... really any of…
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Re: Moneybadger and Peach Payments partner to enable Bitcoin payments
#36> 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?
I mean crypto itself is only as anonymous as your most public link to your wallet too, which is one of the reasons I dislike it despite seeing the appeal of the idea. People like to compare it to cash, but the fact is every hundred dollar bill in circulation doesn't have a list of people's unique if anonymized handles who's touched it since it was printed. And that gets doubly problematic if you use... really any of…
There are techniques for anonyminity in cryptocurrency such as zero-knowedge proofs implemented in cryptocurrencies like monero and zcash (and many others)
These techniques vary in their effectiveness and efficiency. If you look at a monero transaction for example it uses something like 10x the bandwidth and CPU power to verify vs Bitcoin (which is already an inefficient network)
Some banknotes do have identifying markers, but I think you are right. Cash-like privacy should be the goal with all crypto
Re: Moneybadger and Peach Payments partner to enable Bitcoin payments
#37Re: Moneybadger and Peach Payments partner to enable Bitcoin payments
#38happy to answer any questions!
Lots of people who have relatively stable currencies (EUR, USD..) do not want to use bitcoin. What if bitcoin price goes down? How many extra steps is it to convert my USD to bitcoin and then back to USD? Do I only convert the 19.99 USD for my current purchase into bitcoin or do I put in more? Do you solve these issues for customers? Or are you only targeting people who already are happy bitcoin wallet users? Are sta…
We as MoneyBadger create an invoice for the customer in their local currency e.g. USD. If they pay with Bitcoin Lightning, they have 3 minutes to complete the transaction at our offered exchange rate. We take on the risk of the price moving.
If they’re paying with one of the exchange wallets we support like Luno.com, VALR.com or Binance.com we do the same, and they can choose to pay with any currency supported by those wallets.
Refunds are processed at time of refund and are for the original amount in the currency of the invoice e.g. USD but at the exchange rate at the time of refunds.
It really all just works the same as paying with a credit card overseas would if you’re paying a EUR bill with USD funds.
Re: Moneybadger and Peach Payments partner to enable Bitcoin payments
#39Earlier quoted context omitted.
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?
BCH absolutely cannot replicate Visa's transaction rate on L1, at least not without block sizes becoming completely ridiculous
I think it would require something like 200MB blocks, which is within the realm of possibility.
The only thing stopping you from adding payment channels on top of that is transaction malleability, but I am not really caught up on the topic.
Re: Moneybadger and Peach Payments partner to enable Bitcoin payments
#40happy 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
We’d love to enable itch and valve to accept bitcoin payments