Re:Coinbase is launching support for the USDC stablecoin
by hudon on Tuesday October 23, 2018 @02:58PM
(#18286345)
Why the hell would I buy Bitcoin to buy stuff on Amazon through a proxy site that sells my BTC for me instead of just... buying on Amazon like a normal person? BTC will be way slower and more expensive than just using my credit card... Plus Visa will refund me in the case of fraud.
Like I side, speculation is the only thing you buy BTC for (moon!!!111), and the exchanges will prevent you from doing this if you are related to blacklisted accounts.
Re:Coinbase is launching support for the USDC stablecoin
by lawn on Tuesday October 23, 2018 @03:08PM
(#18286422)
> Why the hell would I buy Bitcoin to buy stuff on Amazon through a proxy site
Because they give discounts up to 15%.
I'm sorry it doesn't fit your narrative but there are reasons to prefer cryptocurrencies.
Re:Coinbase is launching support for the USDC stablecoin
by briatx on Tuesday October 23, 2018 @04:26PM
(#18287141)
Like a lot of the crypto currency space purse.io is shady and likely promoting thinly veiled money laundering.
Ask yourself if the discount is worth the risk of experiences like this:
https://www.reddit.com/r/Bitcoin/comments/4zczow/my_experien...
Re:Coinbase is launching support for the USDC stablecoin
by hudon on Tuesday October 23, 2018 @03:13PM
(#18286472)
15% sounds about right to offset the fraud risk, volatility risk, exchange fees, network fees, network congestion, transfer delays, fork risk, catastrophic bugs, and theft risk :)
We all have narratives, buddy. Mine just doesn't hinge on gambling and crypto-anarchic utopia.
Re:Coinbase is launching support for the USDC stablecoin
by pjc50 on Tuesday October 23, 2018 @03:50PM
(#18286800)
Why are they giving such a big discount? The transaction fees are nowhere near that high. Could it be that they're reselling fraudulent giftcards?
Re:Coinbase is launching support for the USDC stablecoin
by antidesitter on Tuesday October 23, 2018 @07:52PM
(#18288518)
> Like I side, speculation is the only thing you buy BTC for
You've ignored the rest of the list in the comment you’re replying to.
Just trade on all the other less regulated exchanges. Or localbitcoin. Or, you know, buy stuff.
> and speculation is crypto’s only use case today.
Or you buy stuff... For example:
* Webhallen (huge Swedish online shop)
* scan.co.uk (uk based computer online shop)
* purse.io (buy stuff from amazon)
* fastmail (emails)
* VPN/VPS/domains from various providers
* darknetmarkets