Not what crypto had planned by being an exchange. The credit is only the movement of exchanged capital from transactor to the transaction. What every exchange provides. It therefore only needed an ID of the transaction, not your personal details to the seller. Any default, the exchange should have covered by being a provider, protecting your anonymity. Let's suggest you previously went to bucks fucks, swapping crypto for getting screwed. At no point did you also want to be blackmailed for it.
Credit Cards need your identity, because Blow Joe might have nicked your credit card while you went to bucks fucks. Hence it had your name and signature on it.
Of course now they want to get rid of Bucks Fucks cash flow monitoring just what is being cryptoed.
Blockchain transactions aren't instantaneous, and the mechanisms with crypto aren't there for dealing with essentially the same issue as stolen credit cards. This identity management, by creating vendors that have your ID and work through the blockchain transactions, are taking the credit card way of handling things and applying it to buying something from a store with bitcoin. They are doing it to deal with the risk. The trade off is lack of privacy. Many are people are comfortable with it, some aren't. Depends on what I am buying I suppose for me.
If you want instantaneous proof of payment, use cash, it's your only option. If you want anonymity for your crypto transaction, then you must be willing to wait for the check to clear, so to speak, for the blockchain transaction to be approved by miners.
Yawn you're turning it into another credit card. Why the fuck, buck? Because buck is racketeering. He is selling the shitcoins, and they're worth all the gold. He wants your crypto currency investments, because they make more shitcoins. Now that they're ID'ed please buy more of them, and you can trade shitcoins everywhere, buck is selling.
It was supposed to be anonymous. Not all nice and monitored. You bought a currency that was private and used it selectively. Not another credit card your bank knew what you bought and where you bought it, telling the taxman.
Waits 30 minutes for the EV to charge. Shit it's already depleting the battery. That value has cost you even more, of course somebody rigging the shares like MR peso profits. He loves more charge, if everybody is using pesos than he gains far more value. He can sell them all a dodgy tax meter, monitoring them all into higher costs. Selling them even more services to connect into a shitcoin.
Dude....you're bringing in a shit ton of issues into the discussion that aren't relevant, and expecting me to respond. I'm just telling you why, from the perspective of finance, why purchasers and sellers want to know who they are dealing with, when it's not a cash transaction. It comes down to fraud prevention.
People are trying to take crypto and make it work like a credit card. It's not, at least not without super mining capabilities to process the block chain, and that's not happened yet.
You want privacy with crypto, then don't expect to use it at Walmart.
I don't want to use crypto at Walmart that's exactly it. Everybody has a credit card for that.
Rather you'd use it on other side of the planet trading through internet connectivity. Then it's still a redundant gimmick because there's PayPal for that, and it's much quicker.
It was exclusively for transactions not being monitored and online goods and services trading around the globe.
Why would you use crypto at Walmart. Because some looney tune invested into it trying to rake some gain. But then why are they spending it, at Walmart, not online? Because paying through a phone is so cool. Until they drop their damn phone. Seen that loads now. What was that point?
Not what crypto had planned by being an exchange. The credit is only the movement of exchanged capital from transactor to the transaction. What every exchange provides. It therefore only needed an ID of the transaction, not your personal details to the seller. Any default, the exchange should have covered by being a provider, protecting your anonymity. Let's suggest you previously went to bucks fucks, swapping crypto for getting screwed. At no point did you also want to be blackmailed for it.
Credit Cards need your identity, because Blow Joe might have nicked your credit card while you went to bucks fucks. Hence it had your name and signature on it.
Of course now they want to get rid of Bucks Fucks cash flow monitoring just what is being cryptoed.
Blockchain transactions aren't instantaneous, and the mechanisms with crypto aren't there for dealing with essentially the same issue as stolen credit cards. This identity management, by creating vendors that have your ID and work through the blockchain transactions, are taking the credit card way of handling things and applying it to buying something from a store with bitcoin. They are doing it to deal with the risk. The trade off is lack of privacy. Many are people are comfortable with it, some aren't. Depends on what I am buying I suppose for me.
If you want instantaneous proof of payment, use cash, it's your only option. If you want anonymity for your crypto transaction, then you must be willing to wait for the check to clear, so to speak, for the blockchain transaction to be approved by miners.
Yawn you're turning it into another credit card. Why the fuck, buck? Because buck is racketeering. He is selling the shitcoins, and they're worth all the gold. He wants your crypto currency investments, because they make more shitcoins. Now that they're ID'ed please buy more of them, and you can trade shitcoins everywhere, buck is selling.
It was supposed to be anonymous. Not all nice and monitored. You bought a currency that was private and used it selectively. Not another credit card your bank knew what you bought and where you bought it, telling the taxman.
Waits 30 minutes for the EV to charge. Shit it's already depleting the battery. That value has cost you even more, of course somebody rigging the shares like MR peso profits. He loves more charge, if everybody is using pesos than he gains far more value. He can sell them all a dodgy tax meter, monitoring them all into higher costs. Selling them even more services to connect into a shitcoin.
Dude....you're bringing in a shit ton of issues into the discussion that aren't relevant, and expecting me to respond. I'm just telling you why, from the perspective of finance, why purchasers and sellers want to know who they are dealing with, when it's not a cash transaction. It comes down to fraud prevention.
People are trying to take crypto and make it work like a credit card. It's not, at least not without super mining capabilities to process the block chain, and that's not happened yet.
You want privacy with crypto, then don't expect to use it at Walmart.
I don't want to use crypto at Walmart that's exactly it. Everybody has a credit card for that.
Rather you'd use it on other side of the planet trading through internet connectivity. Then it's still a redundant gimmick because there's PayPal for that, and it's much quicker.
It was exclusively for transactions not being monitored and online goods and services trading around the globe.
Why would you use crypto at Walmart. Because some looney tune invested into it trying to rake some gain. But then why are they spending it, at Walmart, not online? Because paying through a phone is so cool. Until they drop their damn phone. Seen that loads now. What was that point?