If you throw in numbers, you should explain how they were calculated. It wouldn't be the first time, that the calculation is just wrong.
It doesn't cost me 1.5% to buy BTC, it is actually 0.35%+small transaction fees. So, this number is wrong unless you can show me, what extra fees I might have forgotten about.
Topic: BTC costs the consumer money - page 3. (Read 2695 times)
It costs the consumer to buy BTC and the merchant usually offers no discounts.
kindly explain the system where credit cards pay the consumer 1.5% and then btc costs 1.5%.
thanks.
thanks.
http://www.coindesk.com/tnabc-day-1-bitcoin-industry-undeterred-despite-price-decline/
Coinsetter CEO Jaron Lukasiewicz
“Credit cards pay people at 1.5%. Bitcoin costs the consumer 1.5%,”
“That's the competition, and as an industry we need to be looking at where bitcoin competes.”
“We have the tendency to communicate that bitcoin is a cheaper solution [as a payment method], but you have to check into the consumer standpoint,”
Okay so how will this get resolved?
If BTC was cheaper for the consumer then we go to the moon but otherwise we go to the floor.
Coinsetter CEO Jaron Lukasiewicz
“Credit cards pay people at 1.5%. Bitcoin costs the consumer 1.5%,”
“That's the competition, and as an industry we need to be looking at where bitcoin competes.”
“We have the tendency to communicate that bitcoin is a cheaper solution [as a payment method], but you have to check into the consumer standpoint,”
Okay so how will this get resolved?
If BTC was cheaper for the consumer then we go to the moon but otherwise we go to the floor.
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