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A comment on In defense of cryptocurrency. Parent comment

Re:In defense of cryptocurrency by richardwhiuk on Thursday June 09, 2022 @02:21PM (#31684883)
Large amounts aren't settled by VISA - they are settled by bank transfer.
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Re:In defense of cryptocurrency by BiteCode_dev on Thursday June 09, 2022 @03:58PM (#31685991)
Depends. I buy electronics with my VISA card for thousands of dollar, and clients sometime prefer to pay my gigs with a card as well.

Anything above 3000 will likely be cheaper using BTC.

But I see your point.

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Re:In defense of cryptocurrency by woodruffw on Thursday June 09, 2022 @11:55PM (#31689836)
The last time I transferred more than $3000, it cost me $0. I used ACH.
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Re:In defense of cryptocurrency by BiteCode_dev on Friday June 10, 2022 @05:39AM (#31691916)
Sure, like SEPA in Europe.

Although you are probably going to use your card to buy this: https://www.apple.com/shop/buy-mac/pro-display-xdr

But again, I see your point: our financial system is already very efficient, BTC will have to be way better than it current is before it can compete with it for day to day use.

I'll keep an eye on lightning though. It makes any transaction, no matter the size, instant, and cost a tenth of a cent. It has potential.

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