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54 sats \ 2 replies \ @DarthCoin 6h \ on: Stop shorting bitcoin with Alby Hub and wavecard bitcoin
THIS IS A FUCKING LIE!
You are not spending sats, you are spending fiat!
Those cards are nothing else than another fiat scam.
If you go to a merchant with a VISA cars, that merchant will NEVER adopt Bitcoin because it will continue to accept VISA cards.
Guys, please stop this madness !
You have this backwards. Merchants pay 2-3% per transaction to accept VISA and other credit cards, whereas they could be paying 0% for accepting bitcoin. The incentive is there for merchants to accept bitcoin.
However, it is the opposite for purchasers. For example, with my prepaid VISA, I get 1% of every purchase back in bitcoin (taken out of the merchant fees I'm sure), so why would I spend my bitcoin when I could be earning bitcoin instead, for the same price?To "support the network", I guess -- and in fact, when I am in a rare place that accepts bitcoin, I use it, just for the novelty of it, but this is besides the point of my reply.
For larger purchases, credit card users often get purchase insurance, in addition to travel points, etc.. These benefits are paid, in large part, by the merchant fees.
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so why would I spend my bitcoin when I could be earning bitcoin instead
You forgot why we are here...
If you are not focusing on how to destroy fiat, then you are not a bitcoiner. You are just a normie fiater that have nothing to say in this matter.
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