What about donating money to people online without giving away your name and privacy? What about avoiding scams for P2P transactions? What about boycotting the banking system? What about avoiding international payment fees?
Yeah i suppose any form of payment that you have to keep secret for some reason is a reason to use crypto, though I struggle to imagine needing that if you’re not doing something dodgy
avoiding scams for p2p transactions
Wat. Crypto is not good at solving that, it’s in fact much much worse than traditional payment methods. There’s a reason scammers always want to be paid in crypto
boycotting the banking system
What specifically are you boycotting? The money that backs your crypto (i.e. that you bought it with) still sits in a bank account somewhere and continues to support the banks. All you’re boycotting then are payments, but those are usually free for consumers (many banks lose money on them) so you’re not exactly “sticking it to the man” by not using them. Evem if you were somehow hurting banks by using crypto, if you think the people that benefit from you using crypto (crypto exchange owners and billionaires that own crypto etc.) are less evil than goverment regulated banks, you’re deluded.
What about avoiding international payment fees?
You’ll spend more money using crypto for that, not less
Yeah i suppose any form of payment that you have to keep secret for some reason is a reason to use crypto, though I struggle to imagine needing that if you’re not doing something dodgy
imagine you’re a YouTuber and want to accept donations: that will force you to give out your name to them, which they could use to get your address and phone number. There’s always someone that hates you, and I rather not have them knowing my personal info
Wat. Crypto is not good at solving that, it’s in fact much much worse than traditional payment methods. There’s a reason scammers always want to be paid in crypto
if you’re the seller then it’s a lot better. With the traditional banking system, with enough knowledge you can cheat both sides: stolen cards, abusive chargebacks, bank accounts in other countries under fake name/fake ID…
Crypto simplifies scamming when the seller, and pretty much makes it impossible for buyers
What specifically are you boycotting?
Card payments, international tranfers, national transfers taking days to complete, money being seizable at all times
many banks lose money on them
Their plans are basically all focused on the card you get. Pretty sure they make money with it, else many wouldn’t offer cash back (selling infos and getting a fee from card payments?)
if you think the people that benefit from you using crypto (crypto exchange owners and billionaires that own crypto etc.) are less evil than goverment regulated banks, you’re deluded.
Banks are evil anyways, does it really change anything? The difference is that it technically helps everyone using crypto, not only the rich.
Plus P2P exchanges are a thing
You’ll spend more money using crypto for that, not less
That’s just factually false. Do you know the price of a swift transfer? Now compare it to crypto tx fees, with many being under $0.01
Yes, doing illegal things secretly is a valid use case for crypto. So far, it’s also the only one
What about donating money to people online without giving away your name and privacy? What about avoiding scams for P2P transactions? What about boycotting the banking system? What about avoiding international payment fees?
These all seem valid use cases to me
Yeah i suppose any form of payment that you have to keep secret for some reason is a reason to use crypto, though I struggle to imagine needing that if you’re not doing something dodgy
Wat. Crypto is not good at solving that, it’s in fact much much worse than traditional payment methods. There’s a reason scammers always want to be paid in crypto
What specifically are you boycotting? The money that backs your crypto (i.e. that you bought it with) still sits in a bank account somewhere and continues to support the banks. All you’re boycotting then are payments, but those are usually free for consumers (many banks lose money on them) so you’re not exactly “sticking it to the man” by not using them. Evem if you were somehow hurting banks by using crypto, if you think the people that benefit from you using crypto (crypto exchange owners and billionaires that own crypto etc.) are less evil than goverment regulated banks, you’re deluded.
You’ll spend more money using crypto for that, not less
imagine you’re a YouTuber and want to accept donations: that will force you to give out your name to them, which they could use to get your address and phone number. There’s always someone that hates you, and I rather not have them knowing my personal info
if you’re the seller then it’s a lot better. With the traditional banking system, with enough knowledge you can cheat both sides: stolen cards, abusive chargebacks, bank accounts in other countries under fake name/fake ID…
Crypto simplifies scamming when the seller, and pretty much makes it impossible for buyers
Card payments, international tranfers, national transfers taking days to complete, money being seizable at all times
Their plans are basically all focused on the card you get. Pretty sure they make money with it, else many wouldn’t offer cash back (selling infos and getting a fee from card payments?)
Banks are evil anyways, does it really change anything? The difference is that it technically helps everyone using crypto, not only the rich.
Plus P2P exchanges are a thing
That’s just factually false. Do you know the price of a swift transfer? Now compare it to crypto tx fees, with many being under $0.01