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One potential benefit (which merchants so far don't show you) is that cryptos is free for the merchants to accept. Credit cards can take a massive chunk out of
by lawn 8y ago
One potential benefit (which merchants so far don't show you) is that cryptos is free for the merchants to accept. Credit cards can take a massive chunk out of your profit and they're open to charge back fraud.
Cryptocurrencies remove those fees and the risk for charge back fraud, so the merchant earns more when you pay them with cryptos. To incentivize this they could charge you less than if you paid with a credit card.
- michaelt 8y agoAccording to [1] right now, if you want your bitcoin transaction to have a good chance of being in the next block, the fee is 18,450 satoshis, i.e. $1.11 [1] https://bitcoinfees.earn.com/ https://bitcoinfees.earn.com/
- lawn 8y agoBitcoin is a broken cryptocurrency. It's not argument against cryptocurrencies in large, only against Bitcoin specifically. For example Bitcoin Cash has a next block fee of $0.0014. [1] [1]: https://bitcoinfees.cash/ https://bitcoinfees.cash/
- brakmic 8y agoLOL, "broken". However, unlike you I am not trying to advertize any cryptocurrency here. Only wanted to talk about decentralized solutions. And bcash is exactly an example of a NOT decentralized cryptocurrency. Anyway, I don't want to argue with you. Have fun with your s*coin.
- lawn 8y agoFor the people wondering what he's going on about: https://medium.com/@jonaldfyookball/why-some-people-call-bitcoin-cash-bcash-this-will-be-shocking-to-new-readers-956558da12fb https://medium.com/@jonaldfyookball/why-some-people-call-bit...
- brakmic 8y agoCheap promotion should be banned. You are only misusing this thread for propaganda. Unfair but also useless. People aren't that stupid.