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Isn't that really bad though? I paid for a VPS with my credit card recently. The transaction appeared to complete instantly. No 25 dollar transaction fee, no mu
by ALittleLight 5y ago
Isn't that really bad though? I paid for a VPS with my credit card recently. The transaction appeared to complete instantly. No 25 dollar transaction fee, no multiple hops through different software interfaces, just click and done. If it turned out the VPS company was a scam, I could've made a single phone call and reversed the charge saving my money.
Crypto is slower, more expensive, and less safe. True, it's only eight years old, but the important thing is it's much worse than current solutions - at least on the dimensions that I think most people care about. Plus, it's not like online credit cards are that much older.
- twelve40 5y ago> No 25 dollar transaction fee to be fair, in your case there was also certainly a transaction fee, paid for you by your merchant (and probably rolled up into the price of the product)
- ALittleLight 5y agoSure, and it also wasn't anywhere near 25 dollars.
- boogies 5y ago> The transaction appeared to complete instantly. I recently made a donation from a new bank account that took ~20-30 hours to finish processing. Meanwhile Monero trasactions have the 10-15 blocks needed for irreversibility mined in ~20-30 minutes, and the first block in ~2.
- Dwolb 5y agoIs that the really important thing? It’s a nascent technology.