It recently occurred to me that its dumb that we are all supporting lapyap for our trading when they are openly against people selling cigars to each other (not to mention lots of other things, see link in my signature for more).
This got me to thinking, I wonder if any brothers might be candidates for exploring Bitcoin as a payment system. I did a search and saw a few threads from years ago with people asking about it, but mostly the conclusion was its too complicated and confusing.
I have been into Bitcoin and other cryptocurrencies for several years and have done academic research into it for a computing security grad program. I can talk the talk with other nerds, but the more important thing, I think, is I also understand how easy Bitcoin can be to use for people who don't care to look under the hood.
Just like your car, you can know how to change your own oil, brakes, and timing belts, or you can just know how to turn the key and press the gas. Either person can make full use of a car for their entire lives. Bitcoin is not that complicated to use. In fact, you have more visibility and control than any payment processor like lapyap, Venmo, and so on.
Strictly talking about using Bitcoin to send money to others, it brings the following benefits:
This got me to thinking, I wonder if any brothers might be candidates for exploring Bitcoin as a payment system. I did a search and saw a few threads from years ago with people asking about it, but mostly the conclusion was its too complicated and confusing.
I have been into Bitcoin and other cryptocurrencies for several years and have done academic research into it for a computing security grad program. I can talk the talk with other nerds, but the more important thing, I think, is I also understand how easy Bitcoin can be to use for people who don't care to look under the hood.
Just like your car, you can know how to change your own oil, brakes, and timing belts, or you can just know how to turn the key and press the gas. Either person can make full use of a car for their entire lives. Bitcoin is not that complicated to use. In fact, you have more visibility and control than any payment processor like lapyap, Venmo, and so on.
Strictly talking about using Bitcoin to send money to others, it brings the following benefits:
- There is no restriction whatsoever on what you can use it for (which has gotten it negative publicity, but that is largely overblown by an ignorant and confused media)
- The transfer will be complete within 10 minutes on average. Like, complete complete. lapyap and others foot the bill for the 3-5 days payments take to actually clear, so you don't see it, but if the check bounces, and they can't get their money back, it can be a mess. With Bitcoin, you know with 100% certainty that you have the money right then. Once confirmed (which takes about 10 minutes), Bitcoin payments are 100% non-reversible.
- There is no ability for anyone to mess with your money, ever. If lapyap finds out you bought something they don't like, they will freeze your account, take money out of your bank, charge your credit cards, etc. They have the ability to do all of these things and have done them in the past to many people. Your only power with them is to complain to them, your banks, and hope that these people who hold your money for you agree with you and not them. Your Bitcoin is your Bitcoin, forever.
- There are almost no fees, ever. This gets into a divisive topic within the Bitcoin community, but if you keep it simple and follow my advice, you will never pay more than a penny or two to send Bitcoin. I can get more into this if anyone is interested, but I am trying to present this as a simple solution, which it absolutely can be. By comparison, lapyap also charges no fees, if you fund with a bank account, and if you select Friends/Family as the payment type. However, I don't know about you, but I've definitely been charged a fee by lapyap, and its always more than a penny or two.
