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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.
I think I understand your argument, and it makes sense. Education is important and I also don’t like choke points. I just think, in this case, that it’s more valuable to get things rolling. Checkers is a clear example of where the company just now sees the practical value of accepting sats, and specifically because they got a taste and were cut off.
I feel like WOS, blink, coinos and so forth are PayPal for Bitcoin. Money badger is more like a mobile currency exchange between BTC and ZAR I. Your pocket.