this post was submitted on 15 Apr 2024
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Gas fees, fees to convert to fiat, electricity bills for miners / initial investment for stakers... No matter how you frame it, there are still associated fees. Might as well use the standard we have at the moment.
I wouldn't use it then since I don't feel as comfortable sharing my bank account as I do sharing a cryptocurrency address.
But you don't need to share identification if you're sharing to receive money.
@CoderSupreme I just discovered that if I pay with my MasterCard, and the vendor saves my card details even against my wish, and then they make a new transaction, my bank is not able to reverse it. So yeah.. I guess I'm never paying by MasterCard ever again.
There are many ways around this, like using intermediary services like PayPal or a privacy.com credit card with ephemeral numbers.
Crypto, while one way, is not the only way.
@TrumpetX Sorry but your two proposed solutions are not available to me, and both would put me at the mercy of big American corporations. I'm not saying crypto is the only way, but all the other ways are either not available in 90% of the world, or not acceptable for anyone a bit privacy conscious. Out of the remaining options, crypto is by far the easiest to use. And no intermediaries necessary.