why though? Direct buy sure but why crypto? Just because you can send Disney bucks directly to someone?
Just use Kofi or Patreon and you are golden.
Comment on Bandcamp... What now?
iopq@lemmy.world 11 months ago
Wait, hear me out. Direct buy from artists using crypto. Then you don’t have to deal with payment processors.
DmMacniel@feddit.de 11 months ago
rglullis@communick.news 11 months ago
If we are going down that route: why Kofi or Patreon? Just use bank transfers. Payment via SEPA is commonplace, FedNow is already a thing. Even third-world countries like Brazil and India have digital payment networks.
DmMacniel@feddit.de 11 months ago
Just use bank transfers. Payment via SEPA is commonplace
I mean, yeah, that would work as well. But would you trust any stranger/on the internet with your IBAN which is tightly linked to your person?
rglullis@communick.news 11 months ago
What can people do with an IBAN? They are not meant to be sensitive/protected information.
iopq@lemmy.world 11 months ago
That Indian payment network won’t be able to deliver money to an American band
iopq@lemmy.world 11 months ago
The payment processors take a big fee, like 3% + $0.30
You can’t just sell one song for a penny.
ttmrichter@lemmy.world 11 months ago
What are the “gas” fees for Ethereum like again. You know, one of the two you touted above as being viable alternatives to actual money.
iopq@lemmy.world 11 months ago
If you think that’s too much, use a different crypto. I’ve exchanged some crypto with a friend for local currency and it cost me less than a penny to make a transaction.
ttmrichter@lemmy.world 11 months ago
The best part of Ethereum:
When a transaction has failed due to an “Out of Gas” error, this means the gas limit set for a transaction is below the required gas needed to execute it. The transaction value does not leave your address but gas fee is deducted because of the computational cost incurred.
You pay the gas fee whether your transaction goes through or not. What. A. Fucking. Scam.
iopq@lemmy.world 11 months ago
Because I’ve tried getting money from countries like Kazakhstan and it’s not straightforward
Sure, if you have a merchant account and want to pay 2%+ on a credit card purchase it would work, just set up visa and Mastercard
But for the smaller band, they would not be taking credit card payments themselves
ttmrichter@lemmy.world 11 months ago
Cryptoscam shill is shilling the cryptoscam.
It’s amazing to me that anybody considers crypto"currency" to be a viable currency these days after all the failures of the (… uh … you know that “exchanges” are payment processors right? RIGHT!? …) ecosystem to the tune of now billions of dollars.
But hey, you can at least send your funny money on a public ledger (for PRIVACY! LOL!) and have it get processed painfully slowly while contributing to more greenhouse gases than most medium-sized nations!
There’s literally no downside!
iopq@lemmy.world 11 months ago
You don’t need to use an exchange to get paid in crypto or use a crypto with a pubic ledger
Monero is far more private than letting a credit card processor have your information. Ethereum doesn’t use mining anymore so the electricity used for it is less than paying with credit card. It also takes a few seconds to process.
ttmrichter@lemmy.world 11 months ago
And now let’s address your second favourite crypto-Ponzi: Ethereum. This would be the Ethereum whose “smart” contracts are so fucking dumb that it’s almost routine to find stories of them being owned by kiddies? (Ask Hope Lend, Fantom Foundation, Balancer, Huobi, Remitano, and a cast of thousands.) Or would this be the Ethereum that filled to the brim with suspect entities like TrueUSD/$TEURO (which they laughably claim aren’t related despite both coming from the same address), Milady NFTs (or, let’s face it, ANY fucking NFT!), or any number of other rug pullers and such? Or are you talking the Ethereum that is so lazy an implementation that people trivially write snipe bots to manipulate values for things? Or are you talking the Ethereum so fucking lax (and convoluted in actual use) that even its founder got himself Twitter-hacked to wind up draining people’s accounts dry from a scam?
Yeah. Absolutely the org I’d trust with finance. Great suggestion, Sparky? Why not just resurrect Capone and tell people to put cash in this bag he’s holding out?
iopq@lemmy.world 11 months ago
Ethereum is not an organization, you don’t need to use NFTs or smart contracts if you don’t want to
ttmrichter@lemmy.world 11 months ago
Yes. The scam has mutated. All scams do. It’s still a Ponzi scheme and suckers like you are still trying to fill out the bottom of the pyramid so that you’re not the one holding the bag when it collapses.
When.
Not if.
Go shill crypto on that distributed messaging system specifically set up to shill crypto, dude. You’ll find more receptive suckers there.
ttmrichter@lemmy.world 11 months ago
So, let’s look over the first of your favourite funny money Ponzi schemes: Monero.
Is this the Monero that people are increasingly certain is doing the digital equivalent of printing currency? (C.f. “Monerun” for details.) The Monero that has a single mining pool that’s within striking distance of pulling off a 50%+1 attack? That Monero? 'Cause that “privacy” you tout for it works both ways. Yes, user details are private … but so are the operator’s details so there’s no way of knowing what’s really going on under the covers. Like, I don’t know, say, “paper Monero”…
Doesn’t even sound slightly scammy. Not in the slightest. I know I’d trust them with monetary matters!
wlf_warren@universeodon.com 11 months ago
@ttmrichter @iopq seems I remember them as well as a 'money exchange' never used them but the name rings a bell from a few years ago then I may be wrong?
iopq@lemmy.world 11 months ago
I just looked up Monerun
Monero is not doing “printing currency”. Some exchanges that promise to pay you monero may not hold it. That’s the same what your bank does. The back seldom has enough dollar bills to pay all of its depositors money.
But again, this is between an exchange and its customers. You can gasp use another exchange and withdraw your money immediately after using it