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A comment on Visa Plans to Enable Bitcoin Payments at 70M Merchants. Parent comment

Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants by bostonsre on Wednesday March 17, 2021 @10:42PM (#26499234)
It's not really that decentralized now. The largest miner pools can be seen here[1]. All of the larger ones are from China. I would be more worried about authoritarian action over there than some by the book payment processor processing transactions in the US.

[1] https://www.statista.com/statistics/731416/market-share-of-m...

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Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants by heavyset_go on Wednesday March 17, 2021 @11:48PM (#26499524)
Why would a book payment processor use Bitcoin when the average Bitcoin transaction fee is about the same price as many new books? With Bitcoin, you're looking at spending about $50 if you buy a $25 book.
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Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants by bostonsre on Thursday March 18, 2021 @12:15PM (#26504224)
I meant the phrase "by the book" payment processor, not a book payment processor. I'm a lot less worried about the risk of centralization posed by visa than I am about over half of all bitcoins being mined in an authoritarian country.

> by the book:

> strictly according to the rules.

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Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants by heavyset_go on Thursday March 18, 2021 @12:58PM (#26504762)
Ah, sorry, I misread your post.
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