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Or you could not go through any of the steps of making a payments platform and just accept BTC.

Mate2Mate 7y ago
Or just accept Nano, and not have any hassle at all! Just put a Nano QR code on display and voila! - Instant notification of immutable, secure payments from anyone in the world. No complexities, no wait for confirmations, no unreliable unsafe Lightning Network channel complexities.
Daishiman 7y ago
And then you have to find a seller for BTC and deal with that hassle yourself.
- acchow 7y ago
  Unless other things were priced in BTC...
  - bduerst 7y ago
    Yes, if everyone used BTC that would solve the problem of people using BTC.
- stale2002 7y ago
  Ok, but the buyers and sellers of BTC are discriminating very little, against perfectly legal activities, in the way that PayPal is doing it a lot. If I buy or sell BTC from coinbase, for example, they aren't going to care if the money came from the porn industry or not. That's the difference. Apparently, for some reason, PayPal is shutting down people who are doing perfectly legal stuff, but coinbase isn't, to the same degree. That is the practical advantage, right there.
  - stoptypingnow 7y ago
    I'm in the US and bought perfectly legal supplements from a US company using BTC from my Coinbase wallet. I and several other customers of this US company had our accounts terminated by Coinbase. This US company we bought supplements from also accepted and still accepts major credit cards. Coinbase certainly cares.
    - StavrosK 7y ago
      I don't want to be "that guy", but Bitcoin being pseudonymous is a definite downside when it comes to losing your account. That's why I greatly prefer Monero, especially with xmr.to letting you transparently send Monero to Bitcoin addresses.
  - paulmd 7y ago
    Places like Coinbase are increasingly implementing KYC and will "care" just like other financial institutions. It's not hard to see when money is coming in from a known account or a tumbler.
deleted 7y ago
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Or just accept Nano, and not have any hassle at all! Just put a Nano QR code on display and voila! - Instant notification of immutable, secure payments from anyone in the world. No complexities, no wait for confirmations, no unreliable unsafe Lightning Network channel complexities.

Daishiman 7y ago

And then you have to find a seller for BTC and deal with that hassle yourself.

acchow 7y ago
Unless other things were priced in BTC...
- bduerst 7y ago
  Yes, if everyone used BTC that would solve the problem of people using BTC.
stale2002 7y ago
Ok, but the buyers and sellers of BTC are discriminating very little, against perfectly legal activities, in the way that PayPal is doing it a lot. If I buy or sell BTC from coinbase, for example, they aren't going to care if the money came from the porn industry or not. That's the difference. Apparently, for some reason, PayPal is shutting down people who are doing perfectly legal stuff, but coinbase isn't, to the same degree. That is the practical advantage, right there.
- stoptypingnow 7y ago
  I'm in the US and bought perfectly legal supplements from a US company using BTC from my Coinbase wallet. I and several other customers of this US company had our accounts terminated by Coinbase. This US company we bought supplements from also accepted and still accepts major credit cards. Coinbase certainly cares.
  - StavrosK 7y ago
    I don't want to be "that guy", but Bitcoin being pseudonymous is a definite downside when it comes to losing your account. That's why I greatly prefer Monero, especially with xmr.to letting you transparently send Monero to Bitcoin addresses.
- paulmd 7y ago
  Places like Coinbase are increasingly implementing KYC and will "care" just like other financial institutions. It's not hard to see when money is coming in from a known account or a tumbler.

deleted 7y ago

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