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BagHolder9001 t1_j5715u5 wrote

Reply to comment by unforgiven91 in Russian founder of cryptocurrency exchange arrested in Miami, accused of dealing with dirty money as part of "high-tech axis of crypto crime" by Clem_Doore

you don't realize everything you buy has a build credit card fee ? Whether you like it or not there is a middle man so where making money if every transaction you make

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unforgiven91 t1_j571q2e wrote

that 10 cents is already built in to the price tag, and it doesn't rapidly fluctuate based on random market forces

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BagHolder9001 t1_j574v05 wrote

Last time I checked inflation makes prices swing and so does that build in fee

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unforgiven91 t1_j5795sc wrote

note the word "wildly"

inflation increases prices at a fairly steady rate. A snickers bar isn't 10 dollars one minute, and 25 cents the next minute

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BagHolder9001 t1_j57adye wrote

do you know that MoneyGram gram is building international money transfers via blockchain? give it time prices will stabilize and you will be using it without even knowing

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unforgiven91 t1_j57ay5t wrote

I can't wait for the whole world to be tied in to the blockchain, having that chain be immutably broken and exploited then forked in to a new blockchain because wealthy investors lost money. Now we live in a reality where 2 similar chains exist and neither chain can identify what's real.

Definitely a system I look forward to existing, and definitely not the worst idea I've ever heard

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BagHolder9001 t1_j57kyzg wrote

we don't need the whole world to run on it just things that make sense (transparency) like transactions and eliminate hundredths of bankers across the world

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unforgiven91 t1_j57l9yl wrote

that mandates regulation, though.

effectively, it'll just become the banks we currently have but more vulnerable to attacks and doxxing

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BagHolder9001 t1_j57lw0h wrote

huh looking and bs going on at US bank right now, all the hacks at insurance companies ( blue cross blue shield) credit companies lost a lot of info ( Equifax?) target and home Depot got hacked...I don't think we are any less vulnerable via blockchain actually exponentially MORE secure

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