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Let's say I'm a creator. I pay for my food in dollars. For my rent in dollars. For my clothes in dollars. For my equipment and supplies in dollars. What would

Let's say I'm a creator. I pay for my food in dollars. For my rent in dollars. For my clothes in dollars. For my equipment and supplies in dollars. What would I do with crypto? Okay, let's say I get paid in crypto. I still need to convert that to dollars. Price fluctuation of bitcoin is such that if I was paid 1 dollar worth of bitcoin last year, it would be less than 50 cents by the end of the year.

TimJRobinson 4y ago
You can get paid in USDC and can transfer that to and from your bank account as quick as banks will allow, or pay people directly with it.
- illiarian 4y ago
  > You can get paid in USDC and So, as always every discussion about "but crypto" almost immediately devolves to "not crypto, but a very specific coin that seems to be more-or-less okay at this particular point in time" > or pay people directly with it Which people? The dozen or so places in the entire world that accept crypto?
  - TimJRobinson 4y ago
    Its US dollars and you can transfer it to anyone that is capable of downloading a wallet app. If you want to spend at stores you can use any number of debit cards or just wait till visa integrates it which is coming soon [1] I don't understand why you want to be so hostile towards it, it's literally the solution to this problem. 1: https://usa.visa.com/solutions/crypto/auto-payments-for-self-custodial-wallets.html https://usa.visa.com/solutions/crypto/auto-payments-for-self...
    - illiarian 4y ago
      So let's just skip all the unnecessary useless steps and intermediaries in between, and let those cryptoi holders that are so willing to pay those artist just use those debit cards and visa integrations to pay the creators in actual dollars.
      - deleted 4y ago
        [deleted]
      - TimJRobinson 4y ago
        What's the point of a hard drive? You're only uploading and downloading from the internet, why not just keep all your data in the cloud? This is essentially your argument just using money rather than data right? Can you think of any reason someone might like to hold their own data? Perhaps they don't like being at the mercy of a company that can ban you from accessing it at any time like the OP? Perhaps they like the freedom of choosing where they send and receive data from instead of only using the provider approved services? Crazy that so many people still don't get this and give all their power and control of their money away to providers because it's slighty more convenient.
        illiarian 4y ago
        > This is essentially your argument just using money rather than data right? Of course it isn't. See False Analogy: https://en.wikipedia.org/wiki/Argument_from_analogy?wprov=sfti1 https://en.wikipedia.org/wiki/Argument_from_analogy?wprov=sf... > Perhaps Perhaps Perhaps It's a great song https://youtu.be/GUVT1NZtZPo https://youtu.be/GUVT1NZtZPo But not as strong an argument as you think it is because you're still ignoring the reality of paying for food, water, rent, and the need to host your content. Oh look, when we don't ignore reality, you yourself are immediately suggesting those creators use intermediaries.
doodlesdev 4y ago
If you need stability in your FIAT of choice just liquidate it as soon as you receive it. It won't lose or gain 50% of its value in a matter of minutes. In the case of Patreon they could even do that for you since they are the middle man. Also, note that you'd probably receive more donations if accepting crypto currencies, so even if the values of these were to fluctuate (which they won't, cause you can sell) you'd still be making more money overall.
- illiarian 4y ago
  > just liquidate it as soon as you receive it. "just" > It won't lose or gain 50% of its value in a matter of minutes. If someone sets up a recurring payment of X bitcoin it means that on any given pay day your actual money is X*(absolutely random number). Minus the fees for converting to fiat. > Also, note that you'd probably receive more donations if accepting crypto currencies "Probably"
  - doodlesdev 4y ago
    The fees for converting to fiat are generally _smaller_ than the fees MasterCard or Visa for instance will grab from credit card transactions [0][1]. If you are refering to the fees from the blockchain, note that L2 options exist, and not all cryptocurrencies have the absurd fees L1 ETHR would have, for instance Litecoin fees can be as small as 1 cent. Relating to the varying amount monthly: 1 - It's a donation, not your source of income. If you really on that money that's your issue not of anyone else's. 2 - The platform such as Patreon could simply quote the value in dollars instead of BTC or whatever cryptocurrency. Recurring payments with crypto will have to be done manually anyways so this is a non-issue. [0]: https://www.forbes.com/advisor/business/credit-card-processing-fees/ https://www.forbes.com/advisor/business/credit-card-processi... [1]: https://help.coinbase.com/en/commerce/getting-started/fees https://help.coinbase.com/en/commerce/getting-started/fees
    - illiarian 4y ago
      > It's a donation, not your source of income. If you really on that money that's your issue not of anyone else's. We're literally in a topic about creators and Patreon where Patreon is a substantial source of income to quite a few creators. And the dismissive tone about donations in general... well, I won't comment on that > The platform such as Patreon could simply quote the value in dollars instead of BTC or whatever cryptocurrency. Or they could just not bother. > Recurring payments with crypto will have to be done manually anyways Ah yes. The great digital system of the future where even such a simple thing as recurring payments must be done manually

TimJRobinson 4y ago

You can get paid in USDC and can transfer that to and from your bank account as quick as banks will allow, or pay people directly with it.

illiarian 4y ago
> You can get paid in USDC and So, as always every discussion about "but crypto" almost immediately devolves to "not crypto, but a very specific coin that seems to be more-or-less okay at this particular point in time" > or pay people directly with it Which people? The dozen or so places in the entire world that accept crypto?
- TimJRobinson 4y ago
  Its US dollars and you can transfer it to anyone that is capable of downloading a wallet app. If you want to spend at stores you can use any number of debit cards or just wait till visa integrates it which is coming soon [1] I don't understand why you want to be so hostile towards it, it's literally the solution to this problem. 1: https://usa.visa.com/solutions/crypto/auto-payments-for-self-custodial-wallets.html https://usa.visa.com/solutions/crypto/auto-payments-for-self...
  - illiarian 4y ago
    So let's just skip all the unnecessary useless steps and intermediaries in between, and let those cryptoi holders that are so willing to pay those artist just use those debit cards and visa integrations to pay the creators in actual dollars.
    - deleted 4y ago
      [deleted]
    - TimJRobinson 4y ago
      What's the point of a hard drive? You're only uploading and downloading from the internet, why not just keep all your data in the cloud? This is essentially your argument just using money rather than data right? Can you think of any reason someone might like to hold their own data? Perhaps they don't like being at the mercy of a company that can ban you from accessing it at any time like the OP? Perhaps they like the freedom of choosing where they send and receive data from instead of only using the provider approved services? Crazy that so many people still don't get this and give all their power and control of their money away to providers because it's slighty more convenient.
      - illiarian 4y ago
        > This is essentially your argument just using money rather than data right? Of course it isn't. See False Analogy: https://en.wikipedia.org/wiki/Argument_from_analogy?wprov=sfti1 https://en.wikipedia.org/wiki/Argument_from_analogy?wprov=sf... > Perhaps Perhaps Perhaps It's a great song https://youtu.be/GUVT1NZtZPo https://youtu.be/GUVT1NZtZPo But not as strong an argument as you think it is because you're still ignoring the reality of paying for food, water, rent, and the need to host your content. Oh look, when we don't ignore reality, you yourself are immediately suggesting those creators use intermediaries.

doodlesdev 4y ago

If you need stability in your FIAT of choice just liquidate it as soon as you receive it. It won't lose or gain 50% of its value in a matter of minutes. In the case of Patreon they could even do that for you since they are the middle man. Also, note that you'd probably receive more donations if accepting crypto currencies, so even if the values of these were to fluctuate (which they won't, cause you can sell) you'd still be making more money overall.

illiarian 4y ago
> just liquidate it as soon as you receive it. "just" > It won't lose or gain 50% of its value in a matter of minutes. If someone sets up a recurring payment of X bitcoin it means that on any given pay day your actual money is X*(absolutely random number). Minus the fees for converting to fiat. > Also, note that you'd probably receive more donations if accepting crypto currencies "Probably"
- doodlesdev 4y ago
  The fees for converting to fiat are generally _smaller_ than the fees MasterCard or Visa for instance will grab from credit card transactions [0][1]. If you are refering to the fees from the blockchain, note that L2 options exist, and not all cryptocurrencies have the absurd fees L1 ETHR would have, for instance Litecoin fees can be as small as 1 cent. Relating to the varying amount monthly: 1 - It's a donation, not your source of income. If you really on that money that's your issue not of anyone else's. 2 - The platform such as Patreon could simply quote the value in dollars instead of BTC or whatever cryptocurrency. Recurring payments with crypto will have to be done manually anyways so this is a non-issue. [0]: https://www.forbes.com/advisor/business/credit-card-processing-fees/ https://www.forbes.com/advisor/business/credit-card-processi... [1]: https://help.coinbase.com/en/commerce/getting-started/fees https://help.coinbase.com/en/commerce/getting-started/fees
  - illiarian 4y ago
    > It's a donation, not your source of income. If you really on that money that's your issue not of anyone else's. We're literally in a topic about creators and Patreon where Patreon is a substantial source of income to quite a few creators. And the dismissive tone about donations in general... well, I won't comment on that > The platform such as Patreon could simply quote the value in dollars instead of BTC or whatever cryptocurrency. Or they could just not bother. > Recurring payments with crypto will have to be done manually anyways Ah yes. The great digital system of the future where even such a simple thing as recurring payments must be done manually