This and similar behavior is what ultimately drives people toward decentralized solutions, like Bitcoin for example.
Edit: For me converting BTC in funds I can use to buy food (not just for myself but also my kitty), pay my bills (rent, electricity, gas, water, internet, mobile, AWS) is a pain in the ass.
Sure there are online stores they will accept bitcoin, but not my local supermarket, sure some isp’s will accept butcoin but then I’m limiting my options of who I can use.
With PayPal (yes I hate them just as much as everyone else) I can get an invoice paid and have the funds in my bank account seconds later.
I like the idea of a decentralised Payment process. But atm it’s not for me for a number of reasons not just acceptability.
Cryptocurrencies remove those fees and the risk for charge back fraud, so the merchant earns more when you pay them with cryptos. To incentivize this they could charge you less than if you paid with a credit card.
For example Bitcoin Cash has a next block fee of $0.0014. [1]
Anyway, I don't want to argue with you. Have fun with your s*coin.
https://medium.com/@jonaldfyookball/why-some-people-call-bit...
That word, "crypto" alone is cringeworthy. HN is very much pro cryptography...
[1] Yes, since cryptocurrency depends on strong cryptography. If the latter is broken, cryptocurrency is also, but so it the entire Internet.
The English language is ever changing, we re-purpose and come up with new words all the time. In daily use "cryptocurrencies" is long to type and say, so when the context is clear it's easier to just use "crypto".
Note: I actually try to use "cryptocurrencies" too.
> The English language is ever changing, we re-purpose and come up with new words all the time.
Except that my argument isn't that the old meaning is older (ie. no appeal to tradition, nor is appeal to novelty valid); it is that the older meaning is:
1) Far more important than the new one, and
2) Far broader, widely available and adopted (NOT a niche)
3) Is a dependency for the new one.
Those are 3 very good reasons why using crypto for cryptocurrency doesn't make sense, except perhaps if you're talking within the circles of that niche (hint: not here).
> In daily use "cryptocurrencies" is long to type and say, so when the context is clear it's easier to just use "crypto".
Use an autocomplete to make 'crypto' change to 'cryptocurrency'.
I just don't see the harm in this context when it's obvious what he's referring to.
> Use an autocomplete to make 'crypto' change to 'cryptocurrency'.
Yes, we should all install autocomplete in our browsers so we can avoid stepping on the toes of an opinionated commenter.
This issue is so overblown.
Browsers? Not necessarily browsers. iOS and macOS have native support for that. Not sure about other OSes but hey it isn't me who's too lazy to type what they mean.
An opinionated commenter? An? You're assuming I'm alone in this. The amount of upvotes on that comment alone suggests otherwise.
Overblown? The issue is widespread, and common.
I don't understand the point of your vehement sophistry. Everyone understands how societies work. There are laws. People get punished after the fact for transgressing them. Cryptocurrency is not somehow magically exempt from that reality.
Presumably, displaying a bitcoin address isn't illegal, and you are not in control of who sends you coins.
Both parts of your statement are naive and wrong.
Soliciting payment in any currency other than the national currency is illegal. No one is going to be fooled by claims of "oh I just put our corporate bitcoin address up for...uh...personal aesthetics; we weren't actually suggesting customers can pay us that way".
In any case, where is the documentation for the annual audit? When the tax department looks at the corporate bank statements, what do you think they'll see?
I own a company here, we are required by law to hire an external auditing agency. Do you think the auditing agency is going to, what?, just lie to the government for me when it is obvious to them I'm accepting payments in bitcoin since there is no documentation for local currency payments?
The tax departments come to our office every year and goes over the books. They are looking for tax evasion, money laundering, and so on. But it would be pretty trivial to spot if someone is getting paid in Bitcoin.
I'm trying to imagine how you think the conversation would go when they audit the company Bitcoin account, "Oh, gee, some bitcoin got transferred to the company account. Dunno how THAT happened! Ha ha. Guess it was just a DONATION! We were definitely NOT breaking the law! Don't look at our invoicing system that shows we marked that as a payment received for order #81351."
Yeah, I'm probably one of the people that you are describing.
Crypto-money does not work. I would love if it worked, I also would love if somebody learned how to reverse entropy growth or got time travel working in some way. Yet, none of those work. (And yes, crypto-money isn't on the same level of those two, maybe some day somebody will manage to make it work, if so, great!)
Be sure that your label of "anti crypto" is much more a tag over you than the large HN crowd.
https://www.pcworld.com/article/155984/worst_tech_prediction...
It's easy to say use decentralized solutions, like Bitcoin but then customers are more susceptible to fraud(no chargebacks for example)