1119
Creative Title (lemmy.world)
submitted 1 year ago by to c/memes@lemmy.world
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Not really a meme meme, but i felt like i had to :s

The "1984 Calendar" meme template where the woman says "Payment processors are banning NSFW content on all platforms by threatening to stop processing payments."
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[–] 0 points 1 year ago (2 children)

Crypto is not a currency Is an environmental disaster Has massive deflation

My first response delt with this. Only bitcoin is an environmental disaster. Deflation is only relevant if you hold a currency long term. Irrelevant for payment processing.

Seriously, the fuck are we doing here?

We are discussing how to counter the monopoly stranglehold of payment processors. Crypto is a possible solution that is viable today.

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  • [–] 2 points 1 year ago (1 child)

    Alright. Here's an argument why crypto doesn't do that.

    Today: Me Payment processor Vendor

    Crypto tomorrow: Me Payment processor Crypto Crypto fees Payment processor Vendor

    So not only am I paying the payment processor twice as much for the interaction (it doesn't matter which processor, since the issue at hand is their monopoly) thus rewarding their censorship, I also wasted a whole bunch more money for the privilege.

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  • [–] 1 point 1 year ago* (last edited 1 year ago)

    Yes, the round trip is more expensive.

    But if you receive some income in crypto and park it in a stablecoin (like USDC) then you can avoid the price volatility risks and round trip fees. The crypto fees are much less than 2% and this also avoids rewarding censorship.

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