Unless they make that completely seamless behind the scenes, I can’t see that working. Most people don’t use crypto and don’t want to learn how. It also requires users to sign up for a crypto exchange, which requires people to register with a photo ID. Additionally, it is difficult to exchange exactly the amount you need to purchase something, because of how volatile the currencies are. You end up spending more than the cost of the thing you are buying, just to be sure that you have enough. And then you’re in the digital currency problem of “I want the $3 skin but the smallest package I can buy is $5 worth of V Bucks”, which always feels like a ripoff.
Dan Olson’s documentary is as true as ever. Stop recommending an environment-destroying investment scam to people. You aren’t helping, and I’m not going to be left holding your bag.
Edit: lmao they edited their crypto hawking out of their post
On the one hand, yes, it’s a solid alternative because it’s decentralized and can even be untraceable (see Monero), but on the other hand, it’s been under attack for the past years. I would disagree it’s censorship-resistant, because if you make it illegal or hard to buy and sell crypto, few would be dedicated enough to go around that. Moreover, your proposed solution would still rely on some gateway between crypto and fiat, which would be vulnerable to pressure.
Implement a system similar to a Steam wallet.
Unless they make that completely seamless behind the scenes, I can’t see that working. Most people don’t use crypto and don’t want to learn how. It also requires users to sign up for a crypto exchange, which requires people to register with a photo ID. Additionally, it is difficult to exchange exactly the amount you need to purchase something, because of how volatile the currencies are. You end up spending more than the cost of the thing you are buying, just to be sure that you have enough. And then you’re in the digital currency problem of “I want the $3 skin but the smallest package I can buy is $5 worth of V Bucks”, which always feels like a ripoff.
Dan Olson’s documentary is as true as ever. Stop recommending an environment-destroying investment scam to people. You aren’t helping, and I’m not going to be left holding your bag.
Edit: lmao they edited their crypto hawking out of their post
On the one hand, yes, it’s a solid alternative because it’s decentralized and can even be untraceable (see Monero), but on the other hand, it’s been under attack for the past years. I would disagree it’s censorship-resistant, because if you make it illegal or hard to buy and sell crypto, few would be dedicated enough to go around that. Moreover, your proposed solution would still rely on some gateway between crypto and fiat, which would be vulnerable to pressure.