Just earlier today i saw this phrase about cryptocurrency:“price discovery for bitcoin happens on an exchange that admitted a few months ago to being a criminal conspiracy”. Yeah, there’s HUGE problems with central banks, but by this point it should be very clear that a wild west casino full of scammers will not save us from that, it doesn’t matter what were the initial ideals of people about crypto, it’s main function now and for many years since it’s beginnings has been scamming real money out of people.
I wouldn’t recommend using Bitcoin specifically for an e-commerce site like this, both because of its volatility and its high transaction fees. A stabletoken like DAI or USDT is more specifically designed for this use case.
No, you misunderstand the point of a stabletoken. They are designed to have a fixed value, usually tied to the US dollar. Is the US dollar a “casino chip”? That’s what these sites usually price things in to begin with.
Just earlier today i saw this phrase about cryptocurrency: “price discovery for bitcoin happens on an exchange that admitted a few months ago to being a criminal conspiracy”. Yeah, there’s HUGE problems with central banks, but by this point it should be very clear that a wild west casino full of scammers will not save us from that, it doesn’t matter what were the initial ideals of people about crypto, it’s main function now and for many years since it’s beginnings has been scamming real money out of people.
I wouldn’t recommend using Bitcoin specifically for an e-commerce site like this, both because of its volatility and its high transaction fees. A stabletoken like DAI or USDT is more specifically designed for this use case.
That’s just a different color of casino chip, in the end is still cryptocurrency, which as mentioned is not where we want to be
No, you misunderstand the point of a stabletoken. They are designed to have a fixed value, usually tied to the US dollar. Is the US dollar a “casino chip”? That’s what these sites usually price things in to begin with.
Yes, it is just a casino chip. The US dollar has been backed by jack shit for a long time.
Then isn’t Gumroad already selling goods in exchange for “casino chips?” What alternative would you suggest?