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by afreak 3739 days ago
> gratipay offers bitcoin payments, which, if they implement it right, would eliminate the middleman [...] when the financee cashes out using bitcoin

And tell me, how does one cut out the middleman when they convert their Bitcoin earnings to US dollars or whatever currency they prefer?

2 comments

Jesus Christ why don't you people just start mowing the guy's lawn for Christ's sake
well then wouldn't the blades be the middleman
That can be taken more than one way
The second way wouldn't be done for Christ's sake...
A few people will donate bitcoin. A few things can be bought directly with bitcoin. On average, you'd expect that the fraction of your income paid in bitcoin would be similar to the fraction of goods and services that you can pay for with bitcoin.
> A few people will donate bitcoin. A few things can be bought directly with bitcoin. On average, you'd expect that the fraction of your income paid in bitcoin would be similar to the fraction of goods and services that you can pay for with bitcoin.

The point of donating money to the author of the piece is to encourage them to continue writing this epic story. Giving them Bitcoin is akin to leaving a tip to your server where the tip appears to be currency but rather instead is a Chick tract with the suggestion that you'll pray for their soul.

The difference being that others accept these "chick tracts" in exchange for goods and services.

I'm not in the mood to register with some service and hand out my CC data to give the author a buck. In contrast I'd scan a QR code in a heartbeat.