It cool to know there is a term for currency people don’t want to spend. That was a fun read.

After a few cycles people start to realize blah blah blah explanation is really just when is the price going up. We’ve all heard it all by now. It starts feeling like being sold on a timeshare. We aren’t new clients to try to sell this topic too

We already know all the explaination and blockchain crap. We know the spiel and sat through it all through multiple cycles. It’s at this point like trying to sell a car to a car salesperson using tactics they already know.

So that’s the lack of enthusiasm. We are less likely to be new to this.

There’s also the whole taxable event issue some countries have if someone buys something with crypto.

Which is funny because many crypto people don’t spend it like currency because to them it is another asset they hope rises in value like stocks to get rich like the early bitcoin holders. And it’s why many if they spend it go and rebuy the same amount to not get spenders remorse in the future spending what could have been a house on a video game.

Now I know the decentralized value of crypto and the tech is cool. Just more sick of the overall greedy culture around it of people wanting to get rich quick off it, but masquerading around as though they actually care about the tech or are anti-capitalist. When it really is just about trying to get rich.

I hope the EU to come up with their own payment process to compete against and be a mainstream alternative to the US based ones.

Stronger argument is that deflationary currency is not something someone with an investment mind wants to spend. Which is why there is the same price fixation and attempts to hype up crypto like stocks because most people got into it not to spend it, but hold onto it like an asset. Its why people encourage rebuying crypto if you use it to buy something to replenish their balance to not regret having wasted what could be a house to get a slice of pizza.

Now sure there are stable coins but that is more used by investors to move assets around exchanges to then go and buy other crypto that they believe will return a profit or move into when they believe a dip is occuring so they can reenter later to expand their assests by buying low. Pretty much most crypto communities are highly fixated on price as opposed to treating it like currency that should be spent. It’s always this is the next big thing, it is going to moon, hodl, etc.

So I guess point is as much as people like to act like they are anticapitalist the culture of crypto once prices started going up is pursuit of capitalism and wealth hording. The values people claim to have was most present when crypto was new and people were giving it away, having fun spending it, and transacting it. But, then greed took over as people saw people becoming millionaires and billionaires for holding what they got early.

It’s ironic looking at it now given the state of dogecoin but that maintained the original spirit of crypto for a really long time before it too skyrocketed in price and got pulled into the same asset category.

What junk? Works same as a debt card but just not directly tied to a checking account, so less a big deal if it is lost or false charges made on it with companies reversing it. Get cashback on purchases, additional warranty on items, and able to do charge backs if company isn’t giving you a refund for whatever reason.

Most people who run into trouble are because they don’t realize credit cards aren’t free money so go beyond their budget. If you spend what you can afford and pay back each month question becomes more why should a debit card be used over a credit card?

Pay same in cash or credit. Priced in or not what the company asks for is what the consumer pays, so point being these crypto transaction arguments make no difference when it comes to fees. Like you said end retail price is already priced in.

Company wants 10 Stanley nickles consumer is charged 10 Stanley nickles regardless of payment method.

People who use credit cards don’t pay the transaction fee. If the product is priced at 10 Stanly nickle they only play 10 Stanley nickle. Lot of credit cards also offer cash back so people might get 1-5% back depending on what the category for the month is.

When it comes to transaction fees you are going to have to sell the vender on it than the consumer since they are the one paying.