3 ms·

And people ask why we need decentralized payments. We're building Tools to get rid of paypal/visa/mastercard and other rent seekers. Here's mine: https://pean

And people ask why we need decentralized payments. We're building Tools to get rid of paypal/visa/mastercard and other rent seekers. Here's mine: https://peanut.to https://peanut.to There's lots of other people building useful stuff in the space. My dms are open if anyone wants to chat

pizzalife 4y ago
Having no KYC process is "building useful stuff"?
- __alexs 4y ago
  It is the payments are in XMR.
  - KronisLV 4y ago
    >> Having no KYC process is "building useful stuff"? > It is the payments are in XMR. If you mean Monero, isn't that just asking for trouble? As in, you'd be supporting a cryptocurrency that has a history of often being used for illicit purposes (as many unfortunately are), with no KYC processes in place, non-compliance for which has historically resulted in some pretty hefty fines by the powers that be as well: https://shuftipro.com/blog/record-breaking-fines-on-banks-for-kycaml-non-compliance/ https://shuftipro.com/blog/record-breaking-fines-on-banks-fo... Assuming that the protocol/platform works out and assuming that you don't attract the attention of neither nefarious individuals, nor regulatory bodies, nor media that would lead to one or both of the former, it would probably be fine, but that's a lot of "if"s. It makes me feel dirty that nowadays the choice is between large orgs that can ban you and kill your business with a (possibly automated) wave of their finger, and between oftentimes shady platforms, using which is just asking for trouble.
warent 4y ago
Not to be rude but your website looks like it's run by stoner bros who would treat my money as a joke. It doesn't really instill confidence
deleted 4y ago
[deleted]
devrand 4y ago
Actually paying for goods and services with crypto is garbage though. I can barely stand the 3 seconds it takes for my credit card chip to process, meanwhile crypto is somewhere in the range of a couple of minutes to a couple of hours to confirm. Random chance how long it'll actually be. And if it goes too long then likely the payment has timed out and now you're in the hellscape that is trying to resolve that.
- redox99 4y ago
  > crypto is somewhere in the range of a couple of minutes to a couple of hours to confirm That's absolutely untrue unless you think "crypto" is only bitcoin. Ethereum block time is 12 seconds, polygon is 2 seconds. And not random in both cases (because no mining).
  - devrand 4y ago
    And yet that's basically the only thing people accept.

pizzalife 4y ago

Having no KYC process is "building useful stuff"?

__alexs 4y ago
It is the payments are in XMR.
- KronisLV 4y ago
  >> Having no KYC process is "building useful stuff"? > It is the payments are in XMR. If you mean Monero, isn't that just asking for trouble? As in, you'd be supporting a cryptocurrency that has a history of often being used for illicit purposes (as many unfortunately are), with no KYC processes in place, non-compliance for which has historically resulted in some pretty hefty fines by the powers that be as well: https://shuftipro.com/blog/record-breaking-fines-on-banks-for-kycaml-non-compliance/ https://shuftipro.com/blog/record-breaking-fines-on-banks-fo... Assuming that the protocol/platform works out and assuming that you don't attract the attention of neither nefarious individuals, nor regulatory bodies, nor media that would lead to one or both of the former, it would probably be fine, but that's a lot of "if"s. It makes me feel dirty that nowadays the choice is between large orgs that can ban you and kill your business with a (possibly automated) wave of their finger, and between oftentimes shady platforms, using which is just asking for trouble.

warent 4y ago

Not to be rude but your website looks like it's run by stoner bros who would treat my money as a joke. It doesn't really instill confidence

deleted 4y ago

[deleted]

devrand 4y ago

Actually paying for goods and services with crypto is garbage though. I can barely stand the 3 seconds it takes for my credit card chip to process, meanwhile crypto is somewhere in the range of a couple of minutes to a couple of hours to confirm. Random chance how long it'll actually be. And if it goes too long then likely the payment has timed out and now you're in the hellscape that is trying to resolve that.

redox99 4y ago
> crypto is somewhere in the range of a couple of minutes to a couple of hours to confirm That's absolutely untrue unless you think "crypto" is only bitcoin. Ethereum block time is 12 seconds, polygon is 2 seconds. And not random in both cases (because no mining).
- devrand 4y ago
  And yet that's basically the only thing people accept.