Re:Transaction Costs and Tethers: Why I’m a Crypto Skeptic
by darawk on Tuesday July 31, 2018 @06:09PM
(#17657705)
That's because up until recently credit card companies required merchants to charge the same prices. They had the power to do this because they are basically a cartel.
But yes, you're right. You would be paying twice, just like you're still paying once even if you pay with cash. This is a real problem, but it's not an inherent flaw in cryptocurrencies, IMO. Just a practical consequence of our existing financial system. That doesn't make it any less real, but it's "not Bitcoin's fault" so to speak.
But yes, you're right. You would be paying twice, just like you're still paying once even if you pay with cash. This is a real problem, but it's not an inherent flaw in cryptocurrencies, IMO. Just a practical consequence of our existing financial system. That doesn't make it any less real, but it's "not Bitcoin's fault" so to speak.