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    Home Unlabelled BTC For me the most appealing feature of cryptocurrency isn't anonymity, trust, or anything to with high concept principles. It's the potential for saving 3% on almost all my purchases. I think it's strange this isn't mentioned more.

    BTC For me the most appealing feature of cryptocurrency isn't anonymity, trust, or anything to with high concept principles. It's the potential for saving 3% on almost all my purchases. I think it's strange this isn't mentioned more.

    February 28, 2018

    BTC For me the most appealing feature of cryptocurrency isn't anonymity, trust, or anything to with high concept principles. It's the potential for saving 3% on almost all my purchases. I think it's strange this isn't mentioned more.

    For me the most appealing feature of cryptocurrency isn't anonymity, trust, or anything to with high concept principles. It's the potential for saving 3% on almost all my purchases. I think it's strange this isn't mentioned more.

    Posted: 27 Feb 2018 06:32 PM PST

    Looking at the responses to the comment Bill Gates made about cryptocurrencies, people are pushing forward issues of third party trust, and the merits and demerits of anonymity.

    However, when I've spoken to people about cryptocurrency, (in detail on my blog ), the point that really seems to make them think of cryptocurrency as a good thing is the potential for saving on the bank and credit card fees which amounts to about a 3% savings on all purchases.

    According to my credit card records, I used my credit cards for about 60,000 yen (roughly 560 USD, 460 EUR) worth of purchases last month. On average, 3% of that cost is built in to the prices because that's what the merchants are charged by the credit card companies for use of their card. It's invisible to the consumer because merchants don't make it a separate line item in any bill. It's there, though, this huge invisible and insidious way that banks make money off every transaction that has become so normalized we ignore it like fish ignore water.

    So that's about 1800 yen that went to the banks. Over the year, that's 21,600 yen (200 USD, 165 EUR) that I'm paying. And that's not including the fact that even when I pay cash, the 3% that is built into the price for credit card use is usually still there. It's very rare that a store will offer a 3% discount for using cash (I've seen lower prices for cash, or separate costs for credit cards, but it's rare).

    The current banking system is a 3% tax on everything you buy. People fight tooth and nail in political debates over 1% changes to consumption taxes (VAT and similar).

    In a cryptocurrency world, assuming a sensibly run cryptocurrency system, each of my transactions would come with a fee of around a yen, sometimes less, maybe sometimes a little more. Assuming an average of 1 yen (1 cent or 1 whatever a Euro-cent is) per transaction, it looks like I would have paid somewhere between 30 to 50 yen last month.

    So, even if cryptocurrencies did not have any volatility and no one made money through speculation, and completely regardless of how anonymous it was, and all other considerations aside, if cryptocurrency was just a mundane standard thing, everyone would be saving money. Which I think on it's own is justification for its existence. From there, you can get into the benefits of liquidity that come with less friction, like micropayments.

    In my experience, talking to people about third party trust and anonymous usage is abstract and high concept philosophy. Tell them they could potentially be saving 3% on everything they buy, and they lean in. Merchants and consumers love hearing about saving money.

    I don't know why this isn't given more focus, and I think it should be, so I thought I'd put it out there.

    submitted by /u/davegutteridge
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    Las Vegas Strippers Accept Bitcoin via QR Tattoos

    Posted: 27 Feb 2018 04:44 PM PST

    #BitcoinCash adoption continues to grow: St Kitts Music Festival 2018 tickets are now available for purchase using Bitcoin (BCH)!

    Posted: 27 Feb 2018 06:06 PM PST

    Gavin Andresen: "It is a bad idea to make security-critical software more complex so it is optimized for non-existent hardware. Actually, it is usually a bad idea to make security-critical software more complex, period."

    Posted: 27 Feb 2018 11:11 AM PST

    It’s time for another reminder - Craig Wright is NOT Bitcoin Cash. He never was. Bitcoin Cash is all of us including anyone that wants to be a part of it. No single person owns or controls Bitcoin Cash.

    Posted: 27 Feb 2018 09:07 AM PST

    Bill Gates - People shouldn't have a right to financial privacy because of terrorists and money laundering, also cryptocurrencies kill people

    Posted: 27 Feb 2018 01:29 PM PST

    Blender, a free and open source 3D modeling software, accepts BTC, LTC, ETH, ZEC, and DOGE but not BCH. Let's change that and show Blender some BCH love!

    Posted: 27 Feb 2018 09:07 PM PST

    Bill Gates' 'Nonsense' Crypto Comments Draw Twitter Ire

    Posted: 27 Feb 2018 07:57 PM PST

    Just made my first purchase on Open Bazaar

    Posted: 27 Feb 2018 07:01 PM PST

    I just made my first BCH purchase on OB and dang it felt good! They do zero conf, stores are starting to add mods. Makes me want to buy more and start listing random things of my own.

    submitted by /u/ih8x509
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    Leaked: SEC Agreed Not to Pursue Enforcement Action Against Poloniex If Acquired by Circle

    Posted: 27 Feb 2018 12:44 PM PST

    My lil bro promoting Bitcoin Cash

    Posted: 27 Feb 2018 08:19 PM PST

    Pretty cool to see several BCH-supported ATMs popping up over the past week

    Posted: 27 Feb 2018 02:03 PM PST

    New TREZOR wallet interface now has icons for the coins and they went with green for Bitcoin Cash

    Posted: 27 Feb 2018 08:39 PM PST

    When you defend all cryptocurrencies against an attack, but people are so hateful and irrational they attack you for defending them.

    Posted: 27 Feb 2018 06:13 PM PST

    What do you think about Counterparty Cash??

    Posted: 27 Feb 2018 09:30 PM PST

    I'm quite curious about this Counterparty Cash proposal! What's everyone's opinion so far? It seems like mostly we just haven't looked into it yet, is that where you're at? (I only heard of Counterparty like a week or two ago.)

    submitted by /u/mungojelly
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    Help beta test Bitcoin Cash for Bread!

    Posted: 27 Feb 2018 11:08 AM PST

    Hey all,

    Bitcoin Cash support on Bread (BRD) is now in public beta for iOS! We need help from all of you to test it out and tell us what we've missed.

    There are a few known issues we are working on fixing, like occasional slow syncing, but everything is stable and you can use the app just like normal.

    Please head over to breadapp.com/beta and give it a try! We're excited to hear what you think. You can send feedback either to me here or by emailing feedback@breadapp.com.

    Thanks!

    submitted by /u/BreadCPO
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    I Got Retweeted By a Core Dev... And a Wave of Idiocy Followed

    Posted: 27 Feb 2018 06:53 PM PST

    We do accept BTC

    Posted: 28 Feb 2018 01:17 AM PST

    It's time for another reminder - “If you wait by the river long enough, the bodies of your enemies will float by.” ― Sun Tzu

    Posted: 27 Feb 2018 04:30 PM PST

    Andreas on "non-mining full nodes"

    Posted: 27 Feb 2018 05:07 PM PST

    35 Countries, EU and FATF Agree to Revise Global Cryptocurrency Standards

    Posted: 27 Feb 2018 07:20 PM PST

    BITBOX scaffolds let you create a $BCH app in under a minute

    Posted: 27 Feb 2018 04:26 PM PST

    Cash Shuffle

    Posted: 27 Feb 2018 01:23 PM PST

    Hi guys. I was just wondering if anyone has used Cash Shuffle with Electron Cash yet; if so is it working ok? On a side note as well, is it possible to use Cash Shuffle with just one wallet? I only have one ledger and wouldn't want to have to send my coins to a wallet on my computer. I'm not sure how this would work though because I'd be sending the coins from the address where they would be going. Little confused as I've never mixed before. Would appreciate the help

    Thanks!

    submitted by /u/charlotte009a
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    BTC economic apologists are now claiming that money as a store of value predated money as a medium of exchange

    Posted: 27 Feb 2018 10:41 AM PST
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