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if you stay in crypto fees are small the port to fiat is the problem someone somewhere will need to change USDC / USDT (eek) to fiat either all visitors of t
by throwaway98797 3y ago
if you stay in crypto fees are small
the port to fiat is the problem
someone somewhere will need to change USDC / USDT (eek) to fiat
either all visitors of the platform or the platform forms those relationships
this is the weakness of crypto enthusiasts’ arguments. they live in the world where crypto won and you can buy goods within their ecosystem.
this is simply not true… yet?
i’m actually a fan of crypto, but these naive or bond header arguments are not useful to convince anyone. it’s like saying you can lose weight eating mcdonald’s, you can but will most?
- mattdesl 3y agoCEX fees tend to be very low, much lower than payment processor fees that most Patreon users are paying right now. Coinbase and Kraken have no USDC withdrawal fees with ACH in the US, and nominal bank fees in many other countries. There is no fee exchanging USDC to USD on Coinbase, and Kraken’s trading fees are something like 0.26%.
- throwaway98797 3y agoso many of my frens (note the spelling) have had their coinbase accounts frozen or investigated when used as a pass through i’ve personally never had a problem with them or circle but my transaction volume is low. the normie can’t and won’t figure out the metamask to coinbase to fait part. it’s painful for those deep in crypto let alone the average patron supporter stop painting a rosy picture of shitty crypto ux
- mattdesl 3y agoNobody is claiming that crypto UX is currently superior to Patreon or Stripe.