this post was submitted on 20 Mar 2025
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As soon as any one instance gets big enough and needs to get funding, the payment processors will crack down on allowed content. Don't like it? Tough luck in receiving the money people are trying to send you.
Just... Don't get big enough, right? Limit user sign-ups. That seems to be the obvious solution to this, no? More instances will pop up. Am I crazy?
Good point
Let me preface this by stating clearly that I am not a cryptobro, but this feels like one of the legitimate use cases for bitcoin or other crypto here.
Imo using crypto as an investment or maintaining an active wallet is fool's errand stuff, but as far as actual transactional use, this feels a viable workaround to depower Visa/MC.
Yes, but actually managing to use crypto for commerce is pretty tricky.
Not sure of the state of things currently, but back in the day it was so volatile that you had to buy more than you need because it might lose value before you could pay with it. And the company also couldn't cash out with the same value either. That's why Valve stopped accepting crypto if I remember correctly.
It would be nice if it actually worked well for that, but I expect if it ever did approach broad adoption the powers that be would come down hard on it to prevent losing their control.