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It's not necessarily the case that someone would want to use Bitcoin for anonymity, it might just be a more convenient payment method or something else. Doesn't
by samb1729 10y ago
It's not necessarily the case that someone would want to use Bitcoin for anonymity, it might just be a more convenient payment method or something else. Doesn't hurt to give people more places to spend their Bitcoin even if the circumstances are less than ideal.
- kevindong 10y agoIn what way can Bitcoin be considered a meaningful alternative (however you define it) if you also have to input a valid credit card number (that, presumably, the merchant will run the traditional $1 verification charge on)? The reality is that Bitcoin is less convenient than using a regular credit card (because, realistically, you're not going to be mining Bitcoin but rather you'll be buying Bitcoin using your regular credit card/bank account). I would argue that Bitcoin is also worse in every way (no chargebacks, wild fluctuations in the valuation of a unit of Bitcoin, etc.) if you also don't care about anonymity and the product you're buying is fully legal.
- rtpg 10y agoCC serves as verification. Bitcoin has less fees. So it's like "providing an ID", and then paying. Even if bitcoin is not "anonymous" (pseudonymous), there's still the decentralised+cheap nature of it that's worthwhile.
- traviscj 10y agoFees argument doesn't really hold water because authorizations costs money too, even if subsequently voided.