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Joined 2 years ago
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Cake day: October 6th, 2023

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  • In theory, crypto could be good for this, but crypto is used (and designed) more as an investment than a transaction tool.

    I would argue that while crypto is as investment now, it was initially designed and intended to be used for transactions.

    Out of curiosity though, why do you think this situation would be any different if it were government controlled? Especially considering that you sometimes have administrations like Trump’s, which would do anything no matter how corrupt.





  • I’m not sure that works, like on a purely game theory level. If gamers start to apply pressure, threaten to stop buying games, the stores need to make a choice:

    A. Risk facing the wrath of the gamers, sales are likely to drop. Possibly by a lot, perhaps 15-20%. That could keep up for months before stabilizing.

    B. Risk facing the wrath of the payment processors, credit card sales will stop immediately, only alternative payment types get through. Sales drop by 80% overnight, over time some users will seek alternative payment methods, possibly resulting in only 50% less revenue than expected…

    While both of those options are bad, one of them is totally fatal to their business.

    Those numbers are of course only speculation, but that’s my best guess.