>digital money transfer
>no gas/tx fees
>no mining/massive electricity consumption
>free to send money to anyone with a venmo account
>already developed & proven service, comes with a trustworthy phone app and website
Why would I want to risk storing my money is a depreciating and volatile asset like crypto? Half of the wallets/exchanges are compromised and exploited on a regular basis
Other urls found in this thread:
bleepingcomputer.com
twitter.com
So that we can pay off your cancer treatment.
In a way youve answered your own question.
Adoption is what will bring stability to crypto.
Widespread adoption would encourage the innovations necessary to make crypto more secure.
As long as its just us racist neets, degen gamblers, and retail investors that innovation is going to come slowly.
These companies wave the fees associated with the transfer of funds but that is a business decision and not something that's inherent in the structure of the transaction process. They still have to go through a bank which charges large fees and are subject to counterparty risk.
There are stable coins that allow you to maintain and transfer funds between anyone in the world that has a wallet for that stable coin, and it is completely decentralized, trustless,and the fees are negligibly small.
At any point venmo can start charging whatever portion of the fee they receive from the bank to their customers. I don't like having to rely on a system that can suddenly change the fees on a whim.
It’s not for broke faggots like you whose only pecuniary concerns include buying coffee and paying your friend back for that time he bought you dinner because you forgot your wallet.
>venmo
AHAHAHA imagine being such a faggot that you actually use this
You're saying it's our responsibility to use an insecure product to motivate its creators to make it secure, not the other way around? Imagine if someone said that about any other product.
>patreon blocks people they don't agree with politically.
>paypal blocks people they don't agree with politically.
How do you pay people you want to pay once these cock suckers excommunicate them?
*Freezes your funds*
bleepingcomputer.com
Retard. Also crypto has near-instant settlement and is non-reversible by design.
square's cash app is miles ahead of venmo
I use venmo for some things.
I would never trust it with my life savings. I would trust bitcoin with my life savings though.
Venmo -> Mastercard -> USD = US govt
>Imagine trusting three third parties at once
Because fuck kikes
Also try sending $100k across the globe instantly
>Believing the economy is run by consumers, not by businesses
Businesses will save billions and trillions of dollars switching to crypto. You may not notice and you likely won't care because your service won't change at all. But their executives will be more than happy for the shift.
>no gas/tx fees
Yes there are brainlets, they are just hidden to the consumer
>no mining/massive electricity consumption
The banking system is consuming a massive amount of ressources but it's just not as easy to quantify as crypto PoW
>free to send money to anyone with a venmo account
Venmo only works in the US, try paying with it in Europe or Asia, try sending money to someone else not banked in the US
>already developed & proven service, comes with a trustworthy phone app and website
New technology is by definition unproven.
Now things that Venmo isn't:
>trustless
What if someone steal my personal datas on venmo servers?
>decentralized
What if venmo servers go down?
>censorship resistant
What happens if venmo decides to freeze my account because they are ordered to or don't like my political opinions?
Cryptos have the most powerful fundamental of any currency ever made.
this
Because you end up with a single point of failure.
>see mastercard logo
Give me one reason why I shouldn’t.
>At any point venmo can start charging whatever portion of the fee they receive from the bank to their customers
do you not remember when BTC fees rose to around $20 last year?
This is the problem. You dumb fucks still think crypto as a currency is a good idea. It is not. Can any of those custodial efforts do anything? No. Smart contracts can do things securely. When you can program money to do things you will see cryptos value. This is why LINK isn't a meme because you'll be linking these services directly to smart contracts.
>PayPal's Venmo App Exposes Most Transactions via Its API
how is this different from craptocrunchies
Whats a real advantage of crypto to these current solutions like venmo for example? The masses dont care what happens in the back. They want easy to use shiny UX/UI that is trendy. They dont want to be fully responsible for the money. They happly want a central instance that gives them back their money when they send they money to the wrong guy or if they got frauded.
You don’t need crypto for that. 99% of all shitcoins will die. That’s why I’m all in Chainlink.
>the world is USA
i don't believe burgers are retards but damn if people like OP aren't trying to prove the memes true
cope harder
people here are poorfags that want to gamble nobody cares about stable currencies
> Controlled by big bank/big Corp/Central banks
> Account gets frozen at any time
>cope
imagine being this salty you missed out on your only shot at being a multimillionaire. bitcoin is still 4x up from 2 years ago, and 16x up from 3 years ago. just because you were too stupid to get in early doesn't mean there arent thousands of millionaires out there thanks to crypto.
You realize that Venmo is owned by paypal right?
There are many stories of Paypal users getting their funds frozen for no reason by paypal if you google it.
I'm not really talking about BTC though. That's more like digital gold than an actual method of transferring a stable amount of wealth from one person to another. There are other coins with protocols that allow you to send a stable amount of money to someone, for lower fees than what banks currently charge.
wow, so you're actually admitting there's no future for btc and the only time to get in was pre-2015?
Well kiddo, here's how it works.
You tell someone you'll venmo them 200 bucks so they can give you 200 dollars cash.
You send the venmo then your buddy gives you the cash.
You go home and dispute the venmo transfer and voila, they take the money back and you profit 200 but lost a shitty friend.
As with btc or any crypto for that matter. You tell your friend you'll send him 200 worth of link or eth, he sees it on his side and gives you 200 bucks. You go
Home and oh wait, can't reverse your transaction.
Big difference
you don't
there is zero business incentive for any company to use crypto over venmo
Leave this board and sell me your coins please. Kthanks
Bitcoin was about bypassing the middlemen. Being your own bank. It's a proof of concept, not the end all be all.
For tax evasion
((()))
Because of the long term benefits, and to fuck kikes over.
this
To be sure, Bitcoin is still a nascent technology, and doesn’t offer cutting-edge usability, speed, or privacy. But engineers are constantly working to bring those attributes to Bitcoin by building better apps and on-ramps, upgrading the base protocol, and creating new second layer technologies like the Lightning Network, which could eventually mask and dramatically scale the number of possible bitcoin transactions per second. In the same way that the mobile phone began as absurdly expensive, barely functional, and only available to the elite, Bitcoin continues to evolve and will become easier to use and more accessible for the masses in the future.
Less than 1% of the world’s population — no more than 40 million people — have ever used Bitcoin. But, according to the Human Rights Foundation, more than 50% of the world’s population lives under an authoritarian regime. If we invest the time and resources to develop user-friendly wallets, more exchanges, and better educational materials for Bitcoin, it has the potential to make a real difference for the 4 billion people who can’t trust their rulers or who can’t access the banking system. For them, Bitcoin can be a way out.