[OrlandoHakim]

Right now the average on-chain Bitcoin payment for $0.94 USD. I bought a conference ticket a couple weeks ago from someone in Thailand for $0.24 USD. One confirmation took 6 minutes. This isn’t a Lightning payment which would be nearly instant and almost free. It is a payment on the Bitcoin blockchain.

Remember, that payment includes final settlement, something that can take months for a credit card merchant.

Also, there are many other Proof-of-stake chains that offer faster and cheaper settlement.

[scubbo]

$0.24 > $0.00, though. And:

> something that can take months for a credit card merchant

OK, instant closing is desirable for sellers - but why would a consumer care?

[OrlandoHakim]

Whether consumers realize it or not, the risk of chargebacks does increase the cost to the merchants which they absolutely pass onto consumers in the form of higher prices.

[scubbo]

And those merchants will still charge those higher prices no matter what method you're using to pay, unless they only accept crypto. So by paying with crypto you're paying an artificially-higher price _and_ paying gas fees.

[themacguffinman]

That's quite a high fee for zero fraud protection.