4 ms·

happy to answer any questions!

nemomarx 1y ago
any interest in working with itch or valve given recent events? steam used to have support but ran into volatility and price issues, so if you've got that handled it could be good press is my thinking
- benjamaan 1y ago
  We’d love to enable itch and valve to accept bitcoin payments
kylebenzle 1y ago
Why not just use Bitcoin Cash? Bitcoin was designed to compete directly with Visa's transaction rate and still can. I don't get why people don't simple use what works?
- phasnox 1y ago
  Why not use Grin? Or Monero? Why would using Bitcoin Cash be better than Bitcoin?
- Workaccount2 1y ago
  The reason bitcoin is so successful is exactly because people don't know how it works.
- ifwinterco 1y ago
  BCH absolutely cannot replicate Visa's transaction rate on L1, at least not without block sizes becoming completely ridiculous
  - fruitworks 1y ago
    I think it would require something like 200MB blocks, which is within the realm of possibility. The only thing stopping you from adding payment channels on top of that is transaction malleability, but I am not really caught up on the topic.
    - ifwinterco 1y ago
      That still means the chain is growing by 28GB every single day, so 10TB a year. That's arguably past the point where running a small node is viable, so I would argue you're well into the territory of losing some of the decentralisation properties you want in a cryptocurrency
      - fruitworks 1y ago
        10TB/yr is like $100-200/yr of hard drives and this price will continue to decrease. Compare this to the transaction fees for a small buisness accepting bitcoin and you will find that it is reasonable. Especially when you consider that reasonably efficient miners start at thousands of dollars. small nodes don't matter. They can prune or shard the blockchain. What matters is the economics of medium-sized nodes that are operated by small buisnesses. These are are the entities that have material reasons to run a full node (to accept transactions in an automated manner while preventing theft), and these are the entities that evaluate the rules of the cryptocurrency at the time of transaction.
  - kylebenzle 1y ago
    [dead]
julius 1y ago
Lots of people who have relatively stable currencies (EUR, USD..) do not want to use bitcoin. What if bitcoin price goes down? How many extra steps is it to convert my USD to bitcoin and then back to USD? Do I only convert the 19.99 USD for my current purchase into bitcoin or do I put in more? Do you solve these issues for customers? Or are you only targeting people who already are happy bitcoin wallet users? Are stablecoins part of your strategy? Given how Visa,Mastercard,Paypal are seen as bad actors. Do you think you can capitalize on that, possibly partnering with Valve or something of that sort?
- benjamaan 1y ago
  We as MoneyBadger create an invoice for the customer in their local currency e.g. USD. If they pay with Bitcoin Lightning, they have 3 minutes to complete the transaction at our offered exchange rate. We take on the risk of the price moving. If they’re paying with one of the exchange wallets we support like Luno.com, VALR.com or Binance.com we do the same, and they can choose to pay with any currency supported by those wallets. Refunds are processed at time of refund and are for the original amount in the currency of the invoice e.g. USD but at the exchange rate at the time of refunds. It really all just works the same as paying with a credit card overseas would if you’re paying a EUR bill with USD funds.
rendaw 1y ago
Why bitcoin and not ethereum?
- kinakomochidayo 1y ago
  The website says Bitcoin and crypto*
  - rendaw 1y ago
    Yeah, it seems kind of inconsistent. But the crypto page on peachpayments only mentions bitcoin https://www.peachpayments.com/payment-methods/cryptocurrency https://www.peachpayments.com/payment-methods/cryptocurrency and moneybadger seems explicitly bitcoin: https://www.moneybadger.co.za/ https://www.moneybadger.co.za/ ("Bitcoin payments made simple" "Accept Bitcoin or any crypto in-store or online, paid out in South African Rand or Bitcoin" "Pay with Bitcoin" "Accept Bitcoin" etc) But I guess the answer is > According to reported statistics, 68 percent of South Africans own or have bought Bitcoin – one of the highest adoption rates globally.
- benjamaan 1y ago
  Technically it’s Bitcoin Lightning. We support that because its cheap And fast and widely used (650m users). Also we are Bitcoiners. However we do support exchange wallets like Luno.com, VALR.com and Binance.com and are adding many more and whatever crypto they support. As Bitcoiners we try to basically just mention Bitcoin.
troyvit 1y ago
Any interest in adding other, fee-less currencies like nano?
- benjamaan 1y ago
  We support Bitcoin lighting as a protocol because many wallets support it and it has a lot of users Nano unfortunately probably won’t be worth supporting because of the small user base However we’re quite open to supporting any wallet that wants to work with us

any interest in working with itch or valve given recent events? steam used to have support but ran into volatility and price issues, so if you've got that handled it could be good press is my thinking

benjamaan 1y ago
We’d love to enable itch and valve to accept bitcoin payments

kylebenzle 1y ago

Why not just use Bitcoin Cash? Bitcoin was designed to compete directly with Visa's transaction rate and still can. I don't get why people don't simple use what works?

phasnox 1y ago
Why not use Grin? Or Monero? Why would using Bitcoin Cash be better than Bitcoin?
Workaccount2 1y ago
The reason bitcoin is so successful is exactly because people don't know how it works.
ifwinterco 1y ago
BCH absolutely cannot replicate Visa's transaction rate on L1, at least not without block sizes becoming completely ridiculous
- fruitworks 1y ago
  I think it would require something like 200MB blocks, which is within the realm of possibility. The only thing stopping you from adding payment channels on top of that is transaction malleability, but I am not really caught up on the topic.
  - ifwinterco 1y ago
    That still means the chain is growing by 28GB every single day, so 10TB a year. That's arguably past the point where running a small node is viable, so I would argue you're well into the territory of losing some of the decentralisation properties you want in a cryptocurrency
    - fruitworks 1y ago
      10TB/yr is like $100-200/yr of hard drives and this price will continue to decrease. Compare this to the transaction fees for a small buisness accepting bitcoin and you will find that it is reasonable. Especially when you consider that reasonably efficient miners start at thousands of dollars. small nodes don't matter. They can prune or shard the blockchain. What matters is the economics of medium-sized nodes that are operated by small buisnesses. These are are the entities that have material reasons to run a full node (to accept transactions in an automated manner while preventing theft), and these are the entities that evaluate the rules of the cryptocurrency at the time of transaction.
- kylebenzle 1y ago
  [dead]

julius 1y ago

Lots of people who have relatively stable currencies (EUR, USD..) do not want to use bitcoin. What if bitcoin price goes down? How many extra steps is it to convert my USD to bitcoin and then back to USD? Do I only convert the 19.99 USD for my current purchase into bitcoin or do I put in more? Do you solve these issues for customers? Or are you only targeting people who already are happy bitcoin wallet users? Are stablecoins part of your strategy? Given how Visa,Mastercard,Paypal are seen as bad actors. Do you think you can capitalize on that, possibly partnering with Valve or something of that sort?

benjamaan 1y ago
We as MoneyBadger create an invoice for the customer in their local currency e.g. USD. If they pay with Bitcoin Lightning, they have 3 minutes to complete the transaction at our offered exchange rate. We take on the risk of the price moving. If they’re paying with one of the exchange wallets we support like Luno.com, VALR.com or Binance.com we do the same, and they can choose to pay with any currency supported by those wallets. Refunds are processed at time of refund and are for the original amount in the currency of the invoice e.g. USD but at the exchange rate at the time of refunds. It really all just works the same as paying with a credit card overseas would if you’re paying a EUR bill with USD funds.

rendaw 1y ago

Why bitcoin and not ethereum?

kinakomochidayo 1y ago
The website says Bitcoin and crypto*
- rendaw 1y ago
  Yeah, it seems kind of inconsistent. But the crypto page on peachpayments only mentions bitcoin https://www.peachpayments.com/payment-methods/cryptocurrency https://www.peachpayments.com/payment-methods/cryptocurrency and moneybadger seems explicitly bitcoin: https://www.moneybadger.co.za/ https://www.moneybadger.co.za/ ("Bitcoin payments made simple" "Accept Bitcoin or any crypto in-store or online, paid out in South African Rand or Bitcoin" "Pay with Bitcoin" "Accept Bitcoin" etc) But I guess the answer is > According to reported statistics, 68 percent of South Africans own or have bought Bitcoin – one of the highest adoption rates globally.
benjamaan 1y ago
Technically it’s Bitcoin Lightning. We support that because its cheap And fast and widely used (650m users). Also we are Bitcoiners. However we do support exchange wallets like Luno.com, VALR.com and Binance.com and are adding many more and whatever crypto they support. As Bitcoiners we try to basically just mention Bitcoin.

troyvit 1y ago

Any interest in adding other, fee-less currencies like nano?

benjamaan 1y ago
We support Bitcoin lighting as a protocol because many wallets support it and it has a lot of users Nano unfortunately probably won’t be worth supporting because of the small user base However we’re quite open to supporting any wallet that wants to work with us