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> Websites that integrate web3 wallet login do get something new: built-in, straightforward payment rails. Is this really any better than Apple/Google pay? Tho

> Websites that integrate web3 wallet login do get something new: built-in, straightforward payment rails. Is this really any better than Apple/Google pay? Those are already set up, trustworthy, I don't need to convert my fiat into a cryptocurrency than can swing in value wildly, and it's super easy to set up with stripe or any of the other platforms that the website is probably already using.

kenjackson 5y ago
I'm not very knowledgeable about Web3, but what you point out, I also find confusing. Why do I need to use ETH to buy an NFT -- my credit card should just do fine -- shouldn't it? Clicking the "Connect My Wallet" button is kind of fun. But I feel like I've gained nothing over just using my credit card -- in fact my credit card provides me (as the consumer) tons more benefit than using ETH -- and don't get me started on gas fees!
- suikadayo 5y ago
  Rollup solutions like StarkNet and StarkEx on Ethereum will make apps gas-free.
- jmoreno94 5y ago
  There's work happening now to make this a reality by partnering with on-ramps and off-ramps to go from fiat to crypto. One can imagine a world in which this is completely transparent to the end user. High ETH gas fees are also being solved by Layer 2 solutions which get fees down to cents by either batching transactions or doing the work off the main chain and posting only the proofs to the main ETH chain. Checkout zero knowledge rollups, aka zk-rollups.
- password4321 5y ago
  You can't buy most NFTs with ETH, right? First you have to pay ETH-level fees to buy 'wrapped' ETH?
andreilys 5y ago
What happens if Visa/Mastercard decides to block the merchant you want to use? Or you yourself are a merchant that gets hit with high fees simply because you're in a business that is deemed "high-risk"
- thesandlord 5y ago
  Fair, but that seems like a really really small segment of the market assuming it's legal. For 99% of businesses I don't think this is an issue.
  - nsotelo 5y ago
    I seem to remember pornhub being hit by this, which is why they removed unverified content. Perhaps it's also why OnlyFans decided to ban explicit content a few months back (before backpedaling). https://www.nytimes.com/2020/12/10/business/visa-mastercard-block-pornhub.html https://www.nytimes.com/2020/12/10/business/visa-mastercard-... https://edition.cnn.com/2021/08/20/tech/onlyfans-explicit-content-ban-payment/index.html https://edition.cnn.com/2021/08/20/tech/onlyfans-explicit-co...

kenjackson 5y ago

I'm not very knowledgeable about Web3, but what you point out, I also find confusing. Why do I need to use ETH to buy an NFT -- my credit card should just do fine -- shouldn't it? Clicking the "Connect My Wallet" button is kind of fun. But I feel like I've gained nothing over just using my credit card -- in fact my credit card provides me (as the consumer) tons more benefit than using ETH -- and don't get me started on gas fees!

suikadayo 5y ago
Rollup solutions like StarkNet and StarkEx on Ethereum will make apps gas-free.
jmoreno94 5y ago
There's work happening now to make this a reality by partnering with on-ramps and off-ramps to go from fiat to crypto. One can imagine a world in which this is completely transparent to the end user. High ETH gas fees are also being solved by Layer 2 solutions which get fees down to cents by either batching transactions or doing the work off the main chain and posting only the proofs to the main ETH chain. Checkout zero knowledge rollups, aka zk-rollups.
password4321 5y ago
You can't buy most NFTs with ETH, right? First you have to pay ETH-level fees to buy 'wrapped' ETH?

andreilys 5y ago

What happens if Visa/Mastercard decides to block the merchant you want to use? Or you yourself are a merchant that gets hit with high fees simply because you're in a business that is deemed "high-risk"

thesandlord 5y ago
Fair, but that seems like a really really small segment of the market assuming it's legal. For 99% of businesses I don't think this is an issue.
- nsotelo 5y ago
  I seem to remember pornhub being hit by this, which is why they removed unverified content. Perhaps it's also why OnlyFans decided to ban explicit content a few months back (before backpedaling). https://www.nytimes.com/2020/12/10/business/visa-mastercard-block-pornhub.html https://www.nytimes.com/2020/12/10/business/visa-mastercard-... https://edition.cnn.com/2021/08/20/tech/onlyfans-explicit-content-ban-payment/index.html https://edition.cnn.com/2021/08/20/tech/onlyfans-explicit-co...