how did amazon seller get the $$$
ahhh now you see it
Discussion
Yeah the bitcoin side of things ends at bitrefill, so that particular example is not very revolutionary.
literally fucking requires the current system. not even a little revolutionary.
Bitcoin in this use case is just fiat for fiat.
all bitrefill gets with my sats in my romanian VPS IP address, so it's materially different
sure, amazon and steam are fiat based services and will also die like dinosaurs in the end but the point is a BANK was not in the interaction between me and said dinosaur
THERE WAS NO FIAT BANK BETWEEN ME AND AMAZON AND STEAM
how did the amazon seller get paid?
through a BANK
not saying bitrefill is not a useful tool. but you can't make the claim that you're not using SWIFT. "you" don't usually use SWIFT anyways
between seller and me, no bank
between the seller and me, no licensed money transmitter
is it blood money when i buy a kebab from an israeli kebab shop just because his family in israel in the IDF are participating in genocide?
same relationship
if you aren't happy about progress until hyperbitcoinisation have fun staying sad
where does the seller get money from?
a bank
there is a bank between you and the seller
it's not tangential like a T or something
the seller is intermediary not my payment route
and i'm not paying the bank i'm paying the seller, so, no
same analogy applies
is it not bitcoin if i traded fiat to acquire the bitcoin?
not logical, and stretching the definition of intermediated into the realm of the absurd
also, in my case, i literally was paid bitcoin by my boss
is it not bitcoin if he traded that from ethereum or USD to pay me?
the gift cards may be denominated in fiat but they are not fungible fiat
they can only be spent on the nominal value at the vendor issuing said gift card
so, it's no less bitcoin transaction than cashu tokens
i think maybe you oversimplified it? nostr:nprofile1qqsyeqqz27jc32pgf8gynqtu90d2mxztykj94k0kmttxu37nk3lrktcpz9mhxue69uhkummnw3ezumrpdejz7qg3waehxw309ahx7um5wgh8w6twv5hsz9mhwden5te0d4kx26m49ehx7um5wgcjucm0d5hspyest0
like nostr:nprofile1qqs8e3relcsn9vqqdcfrqj9zenkfd0jgrrrff9yaqu76g07n8wq3g6qpz4mhxue69uhhyetvv9ujumn0wd68ytnzvuhsu9vdxm said look at the flow of value from beginning to end of transaction
the gift card is issued by the retaler who i can redeem it with, it is not fungible for fiat currency, only goods and services from the issuer
i paid sats for the gift card, it is immaterial what currency the retailer of gift cards paid, i did not pay them that
i can see your point of view
but the system depends on fiat existence?
i think maybe you are the middle man 🤔
I don't think big tech fiat companies will ever adopt bitcoin, instead they will simply lose relevance, which sounds insane from today's perspective but given history it is likely they will choose to die than adopt disruptive technology. They will have their Kodak moment.
you'll have to be a little bit more precise
wht even is "big tech fiat companies"
although that would mean your prediction would be far more likely to be wrong
Big Tech companies like Apple will never adopt any (technologically superior) decentralized technology because it threatens their business. The only method of adoption a company like that will consider is to "embrace and extend" it (into the fiat system) where they (and their government overlords) can maintain control. I think Paypal's version of bitcoin is what adoption would look like, which isn't bitcoin at all.
a company that produces a product or delivers a service has a place outside of the fiat model of drink at the spigot of the money flood
it just may not be as good as another that wasn't viable because it was further down the line in a fiat system
the complexity of the differences is too great to make any broad statements about it