In attempts to onboard vendors to accept crypto, I am running up against the fact that modern fiat payment methods kick ass. Crypto wallets and payment systems that can compete with Apple / Google Pay are non-existent.
The payment processor fees being lower with crypto argument is becoming less effective. I spoke to a vendor today who told me his bank is essentially charging him 0.2% of all transactions. This is a long way from the 10ยข + 3% I'm expecting to hear about.
Bitcoin takeover was successful.
Banks knew they had dated tech. That's why they (Mastercard beyond others) intervened as early as 2013/2014 and changed the narrative from digital cash to digital gold.
And because some con artists (agency plants) succeeded in convincing the majority, that even responsibly raising blocksizes (Adam suggested 2 - 4 - 8 without SegWit) would be too much stress on the decentralisation of nodes, we got this mess.
ICOs, NFTs, memecoins is all part of the gambling sector and has nothing to do with medium of exchange. It's all a consequence of Bitcoin's shift.
Guess what. Banks used those extra 10 years to raise their game to a point where normies can not understand: what was even the point for Bitcoin?
States buying Bitcoin as SBR are stabilising their fiat currencies, not giving people any reasons to look into it anymore beyond a speculative inflation hedge.
Well, the only reason that matters at the moment are privacy violations and fungibility problems (frozen accounts/payments). But that is Monero's field of expertise much more than Bitcoin's.
