Coinbase hires Charlie Lee, creator of Litecoin

Post by eru » Fri, Aug 02, 2013, 4:38 AM UTC

dragontamer wrote: post #44

ISL wrote: post #31

Earlier quoted context omitted.

Some consumers would rather have lower prices and happier merchants than rewards points. I'd much rather pay for my coffee in digital cash than pay an extra 2%+ to facilitate the transaction. If the product is poor, I just won't buy it again. Same goes for lunch, etc. Cards that return ~1% back highlight a problem; the transaction fees are too high. $0.10/bitcoin transaction [1] is also steep for minor transactions.…

What lower prices? I pay off my credit card every month, and therefore pay nothing ever. Reward points are icing on the cake, all of these are pulled out from Merchant transaction fees. Have you ever looked at what you're paying for in a credit card? Basically nothing. The merchant pays for everything. (occasionally, the merchant passes back the savings to you... like the occasional gas station that doesn't take cred…

Post by eru » Fri, Aug 02, 2013, 4:49 AM UTC

Sealy wrote: post #16

I hope that this does not have a detrimental affect to the future development of Litecoin. For most, Litecoin to Bitcoin is seen as what Silver is to Gold. Silver in this sense is credited with its ability to stabilize the price of gold. My opinion is that if there is to be a future for digital currencies there must be more then one option available. Currently Litecoin is the leading alt-coin based on Market cap (whi…