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why does it have to be a dark-web market if blockchain payments are first class citizens? I suppose the general population isn't ready for decentralised payment
by 533474 5y ago
why does it have to be a dark-web market if blockchain payments are first class citizens? I suppose the general population isn't ready for decentralised payments yet or do you have another reason for such use-case generalization?
- _jjkk 5y agoThere are still many barriers to that "first class" status, taxes are mentioned most often. Taxes are paid in fiat. Holding non-stablecoins would add even more of a tax headache because you'd have to track capital gain/loss as you enter/exit fiat for taxes / fees / vendors that don't accept crypto Also the fact that general adoption has been slow so far may be a sign that there is not enough obvious value added for the average person to consider using crypto over fiat.
- svarog-run 5y agowho would pay with non-stablecoins though? The oath seems to be cbdcs that are compatible with public smart contract blockchains
- AlexandrB 5y agoThere's also the risk that stablecoins aren't actually stable but just claim to be such: https://www.coindesk.com/tether-first-reserve-composition-report-usdt https://www.coindesk.com/tether-first-reserve-composition-re...