You can set an account nickname on your side, but the legal name on the account shows up on the other end.. never seen anything different, auto deposit or not. I wouldn't be so sure about that at all.
Paying in Crypto, and getting paid in Crypto? For FS and Online services?
- Thread starter Scottdisick
- Start date
Some advice, only use a hardware wallet. Like a Ledger Nano X for example.
Yes the standard is now the US economy, backed up by the US Government who prints the money... International traders have been buying US money for decades since they went off the gold standard. All countries currency is backed by that countries economy.
ah you staked it... gotcha. i wouldn't do that with eth right now for sure.. anyone staking it for real can't even get it out until the code base is updated to allow withdrawals. prob over a year before that even happens. there were some workarounds like staked eth tokens but they have been trading undervalue. that being said, i think eth is a pretty good investment long term.
yup.. and the govs like it this way so they can print money.. inflation is the secret tax... its completely bullshit and hence, why crypto was born.
If you want to pay with crypto, pay with crypto. The thing with crypto (as a payment medium/currency) - it's kind of like bartering: you need to find a willing counterparty (i.e. not everyone accepts crypto because crypto is not a mainstream currency). What you shouldn't do (whether you are the buyer or seller) is "get into" crypto simply to pay one particular SP or receive payment from one particular client. There is somewhat of a learning curve in terms of transacting with crypto. Also, there is no such thing as "escrow" (per se) when it comes to crypto. You send and the "speed" at which the other party receives is a function (generally) of network traffic (you generally don't control it). Paying with crypto does NOT make you "safer". The major drawback with crypto is that you will generally have zero recourse - even with an e-transfer, a bank can reverse it, and you have some limited recourse. And truthfully, I think your fixation on anonymity, well, crypto doesn't really solve that for in person sessions. When you meet face to face with a person you are never anonymous (it's an oxymoron to assume a face to face encounter can be "anonymous"). Discretion is much more important than anonymity if you are concerned with being "outed" as a client.
There are escrow services that exist and used for a myraid of things.
And agreed, full anonymity applies only to Online services.
Maybe I didn't say it well, but I meant, escrow functionality is not inherently (as far as I know) a built in feature of any block-chain protocol that I am aware of (i.e. BTC, ERC-20, BSC, whatever). Now, your point about an escrow service, well, that is not a "pro" of crypto vis a vis other payment mediums, because you can also escrow cash, as an example. Saying nothing for the fact that to escrow monies (either cash or crypto) for a low dollar value transaction is over-kill. Moreover, as it seems you are somewhat fixated on anonymity - incorporating a third party (the escrow service, your lawyer, whomever) into your transaction does not help with anonymity (i.e. if more people know your business, you are less anonymous).
Escrow on blockchain is not new, if you did a quick google search or ask around on discord communities for 5 minutes you'd be caught up.. Obviously an irl escrow service wouldn't work in this situation. On the blockchain, it does. Also like I said, anonymity would apply only through online services. Such as onlyfans which would not show up on a person's credit card / be on record in some credit card companies servers... That would be the only point of using the blockchain for this industry, to stay off record, be it, cash withdrawls (irl), credit card statements (online)
Thanks for your comments though
Again, blockchain in and of itself does not escrow. Your initial response was about "escort services" - again, that is not blockchain functionality, that is simply a third party providing a service. Now (although it seems you don't actually know the proper terminology/mechanics) you are contemplating a SMART CONTRACT. A smart contract can be designed to escrow. But a smart contract is also NOT the blockchain. I don't know what your experience/expertise is on blockchain/crypto/etc. - but google and discord is not necessarily the "best" place to learn about the intricacies of blockchain/crypto/smart contracts and the like. In any event, utilizing a smart contract for an $11 per month OF subscription - I'm going to go out on a limb and say probably not the best use case scenario for developing/using a smart contract, and is most definitely overkill for $11 per month! LOL
Smart contracts = blockchain tech…
And nah again it’s for privacy and not have it show up on any paper records. But I digress if you don’t see it or disagree then it’s ok. Thanks for reply bud
Ok... what are you mining? or did you mean locked staking? When the value of whatever it is you're mining/staking went down, you became a casualty of impermanent loss (IL). It happens, unless you use self-staking protocols, like Prism AG or UXD Protocol where you stake the native token. No risk of IL.
Totally agree... Anyone born after the Bretton Woods agreement and/or after Nixon decoupled the USD from the Gold standard has no clue what this is. They're used to fiat currency with no real backing other than the faith in the government. But when the government prints currency whenever they want to, they devalue your wealth and buying power. $100 today buys you a whole lot less than $100 exactly a year ago.
Yup, they are essentially taxing whatever is stuffed under your mattress. It's one of the major reasons bitcoin was created and why it is referred to as digital gold.
I must be a degenerate because I don't care if anyone knows my et details lol
For crypto payments, I am curious, though. Because the value is so volatile how do you guarantee when u send an amount by the time it's recieved and processed that value is the same or has shifted?
For crypto payments, I am curious, though. Because the value is so volatile how do you guarantee when u send an amount by the time it's recieved and processed that value is the same or has shifted?
