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In crypto you can add insurance if you want. It's an optional service. With credit cards it's baked in and you can't opt out. I want to opt out. I've never used
by steelstraw 5y ago
In crypto you can add insurance if you want. It's an optional service. With credit cards it's baked in and you can't opt out. I want to opt out. I've never used a chargeback in my entire life and it's a source of profit for the credit card corporations. They pay out less than they charge, of course. I'd rather have a lower transaction fee and not feed Visa's bottomline. With crypto I'd want to just add a transaction insurance when doing something risky (like bridging cross chain).
- freebuju 5y agoExcept the most usable crypto today which is Bitcoin, might cost 15$ to send someone 5$ today, maybe 20$ tomorrow depending on the ever flactuating gas fees. I wouldn't describe this as low transaction fees nor in any way efficient. Crypto right now is at best an inflationary tool good only for profiting off market speculation. It will never be as good as fiat or any other financial products based on fiat for the foreseeable future.
- rchaud 5y ago> I want to opt out. I've never used a chargeback in my entire life Why don't you just use no-fee debit cards then? Or a bank that offers no-fee credit cards? Pay it off on time and you won't have to worry about contributing to their profits.