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I bet that if @purpurato is able to implement a system like this in Columbia, with or without the money badger guys help, even if the rest of his life is spent just fighting regulatory problems with it, small mom and pop shops would start accepting p2p because they’d have somewhere to spend it in the meantime. I personally onboarded tons of tip takers in SA because I knew places that I could tell them where they could spend it. It’s a million times harder to do that in the US.
moneybadger is just another paypal for bitcoin, it doesn't fix anything.
No matter how much you love to use it as a payer.... it will always be this: the paypal for bitcoin.
It doesn't eliminate the fiat banks, but just perpetuate their existence.
The more sats will be earned directly by merchants, more they will be inclined to pay their employees and suppliers with the same sats. That's how a circular economy starts, not with worthless QR codes converting sats into fiat that end up in Saylors hands.
You clearly don't know anything about adoption. Please get your head out of your ass and into the real world. Where people respond more to real, practical use cases than Church of the Immaculate Satoshi's dogmatic bullshit about eliminating banks.
Your church is too small to ever eliminate banks, and too obnoxious to ever grow beyond insignificance. Real world adoption will eventually eliminate fiat banks as a byproduct, not some puerile holy crusade.
please go back to your fiat church, bitch
Wrong. WoS, blink, coinos etc are NOT selling your sats for instant fiat. Moneybadger is doing it.
WoS, blink, coinos etc are NOT selling your sats for instant fiat.
Exactly, and neither is PayPal. In both cases, someone is holding your asset for ease of transaction. One uses dollars, and the other uses sats. Neither of these trade between Bitcoin and fiat when you make a payment. I’m not saying that makes them better or worse than the exchange system. It’s just that, these are the systems that are more analogous to PayPal.
You are better using a custodial that only accept sats and then withdraw then using moneybadger that gives you back fiat instead of sats...
AGAIN, I am not talking about you, the spender. I am talking about the receiver.
- people are too pussies to "take the street" for a meaningless ban of a QR.
- that period of time between a ban of these methods and a real use of a direct way, could take years because people are already scared of even accepting anymore BTC.
Better take serious measures that are prepared quietly and in time, with good user education and real censorship resistance.
I agree, but here’s an interesting case study in how it’s playing out. @unboiled, correct me if I get this wrong.
Pick n pay and checkers are the major commercial grocers in SA. Pick n pay already accepts lightning and checkers uses a QR system that could interact with money badger. That QR system decided to block money badger because of regulatory gobbledygook. The people took to the streets asking where the lightning payments went, and now checkers is working on accepting lightning p2p!
They can block it all day, but that’s what pushes people to p2p. Meanwhile, it makes it possible for people to use it (even if under the table) at the mom and pop grocery stores.