Starbucks says it will accept crypto currency, but not bitcoin
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Stocks seem to be going up... with the USD going down... I dont' knwo what that's pointing to, but seems odd.
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@tim_g said in Starbucks says it will accept crypto currency, but not bitcoin:
@irj said in Starbucks says it will accept crypto currency, but not bitcoin:
@s-hackleman said in Starbucks says it will accept crypto currency, but not bitcoin:
@scottalanmiller said in Starbucks says it will accept crypto currency, but not bitcoin:
@s-hackleman said in Starbucks says it will accept crypto currency, but not bitcoin:
This is all likely to change if the lightning network gets going. I'm not well versed enough to try to explain it, in a clear concise text post, but it is a add on that will allow for near instant transfers and the ability to keep sort of a tab open for micro transactions to take place, then close out after services. Google it if you are interested in how it works under the hood.
Raiblocks does much of that already today.
I know others do, but having this functionality on the most popular coin on in the world could be a game changer. Right now using bitcoin to do anything other than hold long term wealth is close to useless.
I dont believe in bitcoin itself long term. I think there is still money to be made on it, but who knows in 5 years.
I don't believe in any cryptocurrency. I doubt it will ever be as stable as general regular currency (not that the USD is stable, but relatively speaking it is), on top of the conversion and transaction fees... I can't see it becoming mainstream if ever.
But there are zero transaction fees for a lot of things.
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@tim_g said in Starbucks says it will accept crypto currency, but not bitcoin:
The USD is going down down down.
Just in the beginning of last summer when I was in Sweden, when we paid money up front for a place to say, I was loving it because 1 USD was like 9.something Kr. Now, 1 USD is 7.9 KR. HUGE HUGE difference. Whatever is going on, I don't know... but it's going back down to how it was years ago.
By the time we paid our last month there... the USD had already fallen enough for it to make a pretty significant difference between first months rent and the last month we were there.
We also lost a little bit getting our deposit back due to the change.
That's what Trump was promising. Part of his campaign was always a weak US dollar to shift the US towards blue collar manufacturing jobs and sending the white collar knowledge jobs to Europe and Asia.
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@tim_g said in Starbucks says it will accept crypto currency, but not bitcoin:
Stocks seem to be going up... with the USD going down... I dont' knwo what that's pointing to, but seems odd.
That's the expected result. If the value of a company stays steady, and the US dollar devalues, then the amount of USD that the stock is worth goes up. If the stock didn't go up as the dollar fell, then the company would be losing value as a company, on top of the USD falling.
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@scottalanmiller said in Starbucks says it will accept crypto currency, but not bitcoin:
@tim_g said in Starbucks says it will accept crypto currency, but not bitcoin:
Stocks seem to be going up... with the USD going down... I dont' knwo what that's pointing to, but seems odd.
That's the expected result. If the value of a company stays steady, and the US dollar devalues, then the amount of USD that the stock is worth goes up. If the stock didn't go up as the dollar fell, then the company would be losing value as a company, on top of the USD falling.
I see, makes sense.
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@scottalanmiller said in Starbucks says it will accept crypto currency, but not bitcoin:
@tim_g said in Starbucks says it will accept crypto currency, but not bitcoin:
@irj said in Starbucks says it will accept crypto currency, but not bitcoin:
@s-hackleman said in Starbucks says it will accept crypto currency, but not bitcoin:
@scottalanmiller said in Starbucks says it will accept crypto currency, but not bitcoin:
@s-hackleman said in Starbucks says it will accept crypto currency, but not bitcoin:
This is all likely to change if the lightning network gets going. I'm not well versed enough to try to explain it, in a clear concise text post, but it is a add on that will allow for near instant transfers and the ability to keep sort of a tab open for micro transactions to take place, then close out after services. Google it if you are interested in how it works under the hood.
Raiblocks does much of that already today.
I know others do, but having this functionality on the most popular coin on in the world could be a game changer. Right now using bitcoin to do anything other than hold long term wealth is close to useless.
I dont believe in bitcoin itself long term. I think there is still money to be made on it, but who knows in 5 years.
I don't believe in any cryptocurrency. I doubt it will ever be as stable as general regular currency (not that the USD is stable, but relatively speaking it is), on top of the conversion and transaction fees... I can't see it becoming mainstream if ever.
But there are zero transaction fees for a lot of things.
Which cryptocurrencies can you convert and use for free? I just assumed they all did on at least one of those, I haven't looked.
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@scottalanmiller said in Starbucks says it will accept crypto currency, but not bitcoin:
@dashrender said in Starbucks says it will accept crypto currency, but not bitcoin:
@scottalanmiller said in Starbucks says it will accept crypto currency, but not bitcoin:
@dashrender said in Starbucks says it will accept crypto currency, but not bitcoin:
I'm just amazed that Paypal hasn't made paying easier. It's not crypto currency, but the option to make much more secure transactions using your phone to pay via Paypal seems obvious.
Some locations (Home Depot) allow payment via Paypal.
I wonder if it's people not wanting it or businesses not wanting it?
Businesses don't want it, the fees are too high.
Then I guess that means that PP doesn't want it either - CC's fees used to be to high for fastfood use, but that changed.
That PP doesn't want what?
Businesses to use PP. CC companies lowered their fees so Fast Food places would use them. Assuming PP hasn't done the same, we have to assume that PP don't want to be used daily like CCs.
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@tim_g said in Starbucks says it will accept crypto currency, but not bitcoin:
@scottalanmiller said in Starbucks says it will accept crypto currency, but not bitcoin:
@tim_g said in Starbucks says it will accept crypto currency, but not bitcoin:
@irj said in Starbucks says it will accept crypto currency, but not bitcoin:
@s-hackleman said in Starbucks says it will accept crypto currency, but not bitcoin:
@scottalanmiller said in Starbucks says it will accept crypto currency, but not bitcoin:
@s-hackleman said in Starbucks says it will accept crypto currency, but not bitcoin:
This is all likely to change if the lightning network gets going. I'm not well versed enough to try to explain it, in a clear concise text post, but it is a add on that will allow for near instant transfers and the ability to keep sort of a tab open for micro transactions to take place, then close out after services. Google it if you are interested in how it works under the hood.
Raiblocks does much of that already today.
I know others do, but having this functionality on the most popular coin on in the world could be a game changer. Right now using bitcoin to do anything other than hold long term wealth is close to useless.
I dont believe in bitcoin itself long term. I think there is still money to be made on it, but who knows in 5 years.
I don't believe in any cryptocurrency. I doubt it will ever be as stable as general regular currency (not that the USD is stable, but relatively speaking it is), on top of the conversion and transaction fees... I can't see it becoming mainstream if ever.
But there are zero transaction fees for a lot of things.
Which cryptocurrencies can you convert and use for free? I just assumed they all did on at least one of those, I haven't looked.
Raiblocks has no transaction fee. Or it does but it is like a thousanth of a penny.
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@dashrender said in Starbucks says it will accept crypto currency, but not bitcoin:
@scottalanmiller said in Starbucks says it will accept crypto currency, but not bitcoin:
@dashrender said in Starbucks says it will accept crypto currency, but not bitcoin:
@scottalanmiller said in Starbucks says it will accept crypto currency, but not bitcoin:
@dashrender said in Starbucks says it will accept crypto currency, but not bitcoin:
I'm just amazed that Paypal hasn't made paying easier. It's not crypto currency, but the option to make much more secure transactions using your phone to pay via Paypal seems obvious.
Some locations (Home Depot) allow payment via Paypal.
I wonder if it's people not wanting it or businesses not wanting it?
Businesses don't want it, the fees are too high.
Then I guess that means that PP doesn't want it either - CC's fees used to be to high for fastfood use, but that changed.
That PP doesn't want what?
Businesses to use PP. CC companies lowered their fees so Fast Food places would use them. Assuming PP hasn't done the same, we have to assume that PP don't want to be used daily like CCs.
That's not a good assumption. PP wants to be used, for sure. They just want high transaction fees more. Wanting one thing more than another doesn't imply that they don't want the other thing.
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@scottalanmiller said in Starbucks says it will accept crypto currency, but not bitcoin:
@dashrender said in Starbucks says it will accept crypto currency, but not bitcoin:
@scottalanmiller said in Starbucks says it will accept crypto currency, but not bitcoin:
@dashrender said in Starbucks says it will accept crypto currency, but not bitcoin:
@scottalanmiller said in Starbucks says it will accept crypto currency, but not bitcoin:
@dashrender said in Starbucks says it will accept crypto currency, but not bitcoin:
I'm just amazed that Paypal hasn't made paying easier. It's not crypto currency, but the option to make much more secure transactions using your phone to pay via Paypal seems obvious.
Some locations (Home Depot) allow payment via Paypal.
I wonder if it's people not wanting it or businesses not wanting it?
Businesses don't want it, the fees are too high.
Then I guess that means that PP doesn't want it either - CC's fees used to be to high for fastfood use, but that changed.
That PP doesn't want what?
Businesses to use PP. CC companies lowered their fees so Fast Food places would use them. Assuming PP hasn't done the same, we have to assume that PP don't want to be used daily like CCs.
That's not a good assumption. PP wants to be used, for sure. They just want high transaction fees more. Wanting one thing more than another doesn't imply that they don't want the other thing.
/sigh..
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I want french fries AND tator tots for dinner, but my wife will only let me have one. So choosing tots doesn't mean I don't want fries, just that I was forced to pick.
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@scottalanmiller said in Starbucks says it will accept crypto currency, but not bitcoin:
I want french fries AND tator tots for dinner, but my wife will only let me have one. So choosing tots doesn't mean I don't want fries, just that I was forced to pick.
That's not the same at all.
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@scottalanmiller said in Starbucks says it will accept crypto currency, but not bitcoin:
I want french fries AND tator tots for dinner, but my wife will only let me have one. So choosing tots doesn't mean I don't want fries, just that I was forced to pick.
+1 for tator tots
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@dashrender said in Starbucks says it will accept crypto currency, but not bitcoin:
@scottalanmiller said in Starbucks says it will accept crypto currency, but not bitcoin:
I want french fries AND tator tots for dinner, but my wife will only let me have one. So choosing tots doesn't mean I don't want fries, just that I was forced to pick.
That's not the same at all.
How is it not the same?
