>go to grocery store >use credit card >instantaneous >no transaction fee >pay off credit card card with money from chequing account, again free >earn cashback for spending money Or >pay 4% upfront just to convert money to bitcoin (only after uploading SI number, passport, and spread asshole to website for security purposes) >send to my own wallet >this takes 30 mins, costs a small fee >can’t use this anywhere, can only buy expensive paraphernalia with no security or return address >lose a percentage on every transaction
But this is somehow better because now the gubment doesn’t know what i bought!!1! Even though all I buy is groceries and random shit off amazon
Uses of btc: [X] trading [X] hedge against economy collapse [ ] buying groceries and random shit off amazon
Anthony James
There is a tx fee for cc you walnut. It’s built into the price. Ever wonder why gas stations give a discount for cash? Cause Amex is raping them with a 3% processing fee. Where do you think that cash back comes from? The merchant pays it and passes it to you Also it doesn’t go thru instantly. The amount is batched our at the end of the day or whatever and is basically pending somewhat for weeks.
Gabriel Morris
>[X] hedge against economy collapse >-70% in a month
Joshua Martinez
You think if btc was accepted universally merchants would suddenly drop prices 3%?
Jaxson Butler
Yeah. The industry has properly incentivized businesses to eliminate a transaction fee for the customer. Profit margins for items in gas stations is usually anywhere from 20-45%, sometimes more. They’ll be fine paying the 3%
Jayden Jenkins
>trading why not trade real instruments with similar volatility?
