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go crypto!
by pavlovskyi 5y ago
go crypto!
- Diti 5y agoThat wouldn’t fix the Visa/Mastercard chokepoint, as you need fiat money to buy cryptocurrencies.
- quantified 5y agoBut cutting off Bitcoin or other major coin purchasing would have a big impact beyond OnlyFans. Not that you’re wrong, it’s just that the credit card processors would sort of be declaring war on crypto.
- pavlovskyi 5y agoMaybe it could move the center of gravity from Visa/Mc. But it is only an hypothesis.
- fragileone 5y agoThe idea is that with widespread adoption of crypto, there is less need of a fiat onramp since people can get paid + buy things in crypto and not need to swap to fiat.
- pizzazzaro 5y agoFor that widespread adoption to happen? We do need a blockchain capable of handling that throughput. And for that to matter, we need a blockchain that doesnt create full-percentage points of global carbon emissions in the process.
- villgax 5y agoBut you can always just to bank transfer to buy crypto instead of having to go through these payment networks