Re:Internet access is quietly changing Seattle’s tent cities
by lph on Sunday April 01, 2018 @01:15AM
(#16726840)
What purpose does cryptocurrency serve in this scenario that ordinary payment methods could not?
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Re:Internet access is quietly changing Seattle’s tent cities
by ObeyTheGuts on Sunday April 01, 2018 @04:19AM
(#16727324)
as homeless icant have bank account, i do can use bitcoin
Re:Internet access is quietly changing Seattle’s tent cities
by travisjungroth on Sunday April 01, 2018 @02:20AM
(#16727025)
Guaranteed payment, low transaction cost and available to all. A homeless person often can’t get a credit/debit card, so cryptocurrency would be great for digital payment.
Re:Internet access is quietly changing Seattle’s tent cities
by paulie_a on Sunday April 01, 2018 @08:50AM
(#16728007)
Except Bitcoin is anything but low transaction fee
Re:Internet access is quietly changing Seattle’s tent cities
by travisjungroth on Sunday April 01, 2018 @10:29AM
(#16728455)
I agree, Bitcoin fees are too high for this use case. There are other assets with faster/cheaper transactions.
I just wanted honestly answer the comment about why cryptocurrency is better in this case (even if it’s not all cryptocurrency).
I could also say why it’s worse: price instability (that $100 you had to your name is now $70), no way to force a refund, not widely used, and you have to manage keys. I’m sure there are more.