[funkisjazz]

Shows how much they trust what they're selling I guess.

If BTC and ETH are just a replacement for visa and mastercard, they've done a good job, in that they've driven visa and mastercard to be so fast and cheap that it's essentially impossible for any blockchain based solution to be faster or cheaper per transaction.

Heck, my visa card pays me 0.3% nowadays.

So what's the purpose of crypto if it's centralized by a company like coinbase that's regulated by the SEC and all other US law ?

I'm not trying to be a crazy anarcho libertarian here, I'm just saying that the only person for which crypto makes sense is fundamentally, in this day and age, and anarchist or libertarian, or both.

But either of those are not holding crypto with a company that wants to be listed on a public us exchange... so who is !?

[opreturn]

> Heck, my visa card pays me 0.3% nowadays.

Does your visa pay the merchants too? If banks/cards are are still charging merchants 2-3%, then some of that is passed on to us users as well (just not explicitly)

[funkisjazz]

That is true, and you are right on this front.

That being said, I do have a business accepting card payments and the 2-3% for me is closer to 0.1% past bank fees.

But you're right that from the merchant's perspective, depending on country (e.g. the US) things can be worst.

Then again, from the merchant's perspective cryptos seem to have much larger downsides, after all there's a reason why they aren't widely used, and lack of good supplied for crypto is larger than lack of people willing to use them.

[xur17]

> That being said, I do have a business accepting card payments and the 2-3% for me is closer to 0.1% past bank fees.

Are you saying that you only pay 0.1% in fees for accepting credit cards? Is this in the US? If so, please tell me whom because that's an insanely good deal, and they are surely losing money.

Some other pieces you aren't including - credit cards are prone to fraud. Despite paying 2-3% in fees to banks, merchants have to build systems to limit this, and pay to refund any fraudulent charges. Crypto allows for a basically instant settlement that looks very much like a cash transaction.

[lmm]

> Crypto allows for a basically instant settlement that looks very much like a cash transaction.

Which customers don't want. Customers like paying by credit card because they know that if your product/service was fake, the credit card company will make sure they get their money back.

[xur17]

*some customers don't want.

I personally would love to have the option in return for a portion of the 2-3% + fraud fees.