3 ms·

I don’t understand why they don’t just use Bitcoin or some other crypto, seems like this is the exact use case it was designed for

barbazoo 5y ago
It's not practical to use bitcoin for individual transactions due to the high cost. If there was an easy way for non-tech people to cash in and out of crypto currency easily I bet that would be a good alternative.
JulianMorrison 5y ago
Now ask yourself how much business they could do if they couldn't process credit cards or make cash payouts?
nemothekid 5y ago
>I don’t understand why they don’t just use Bitcoin or some other crypto, seems like this is the exact use case it was designed for The most popular options, BTC & ETH, are incredibly expensive for $20 subscription payments.
- quantumBerry 5y ago
  So pay with LTC or XMR instead? There are plenty of high liquidity coins with low transaction fees, these are just a couple examples. If the alternative is to not cam at all it seems pretty obvious, even if you are unbanked and get hit with 7% fees from an ATM or crypto-fiat in person moneychanger. It's also trivial to exchange BTC to LTC (or other low fee coin), you don't even need KYC or in some cases to even use an exchange (atomic swap BTC-LTC). So the cam girls could take fees in LTC and then swap them to BTC once they have enough value to be worth the transactional costs.
  - webinvest 5y ago
    No. Ones with transaction fees under $3.
throwawayFries 5y ago
Do you know anyone who's able to make use of crypto in the real world without using a bank of some sort?
- quantumBerry 5y ago
  Anyone who has feet that are able to walk to an ATM or person on someplace like localmonero? In places like Mexico and Switzerland there is no KYC, you just put the cash into the ATM or send to the address and take it out, there's no need to have an identity or bank account.

3 ms·

I don’t understand why they don’t just use Bitcoin or some other crypto, seems like this is the exact use case it was designed for

by jliptzin 5y ago

barbazoo 5y ago
It's not practical to use bitcoin for individual transactions due to the high cost. If there was an easy way for non-tech people to cash in and out of crypto currency easily I bet that would be a good alternative.
JulianMorrison 5y ago
Now ask yourself how much business they could do if they couldn't process credit cards or make cash payouts?
nemothekid 5y ago
>I don’t understand why they don’t just use Bitcoin or some other crypto, seems like this is the exact use case it was designed for The most popular options, BTC & ETH, are incredibly expensive for $20 subscription payments.
- quantumBerry 5y ago
  So pay with LTC or XMR instead? There are plenty of high liquidity coins with low transaction fees, these are just a couple examples. If the alternative is to not cam at all it seems pretty obvious, even if you are unbanked and get hit with 7% fees from an ATM or crypto-fiat in person moneychanger. It's also trivial to exchange BTC to LTC (or other low fee coin), you don't even need KYC or in some cases to even use an exchange (atomic swap BTC-LTC). So the cam girls could take fees in LTC and then swap them to BTC once they have enough value to be worth the transactional costs.
  - webinvest 5y ago
    No. Ones with transaction fees under $3.
throwawayFries 5y ago
Do you know anyone who's able to make use of crypto in the real world without using a bank of some sort?
- quantumBerry 5y ago
  Anyone who has feet that are able to walk to an ATM or person on someplace like localmonero? In places like Mexico and Switzerland there is no KYC, you just put the cash into the ATM or send to the address and take it out, there's no need to have an identity or bank account.