That cash back is coming from the merchants who are being screwed by the card companies on your behalf.
I asked my wife to stop using her Amex because they are the worse, but all card companies do it.
2% may not sound like a lot, but on $1M worth of sales, a medium size shops annual turnover, that's $20,000, which is the salary for a junior sales assistant.
We're playing the same games with Bitcoin we already play with fiat:
Stop it, stop it now.
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nostr:nevent1qvzqqqqqqypzp6pmv65w6tfhcp73404xuxcqpg24f8rf2z86f3v824td22c9ymptqyv8wumn8ghj7enfd36x2u3wdehhxarj9emkjmn99uq3vamnwvaz7tmgd9ehgtnwdaehgu3wd3skuep0qqsxsm6j7wv69sjevsynw27unx24tkspc0cmcu85w3mgyv2en0hmr6ss9wawg
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yeah I asked this question like a month ago - like what's really changed because the majority of uses trusted third parties to handle their stuff.
idk, just reinventing the wheel it seems
The money men have got hold of Bitcoin, we getting Gresham’s Law 🙂↕️
