Replying to Avatar boston wine

It would be nice to see the more of the sellers on nostr:npub1p2psats79rypr8lpnl9t5qdekfp700x660qsgw284xvq4s09lqrqqk3m82 diversify into payment methods other than Strike (re: USD). For example - Revolut, CashApp, etc.

This would somewhat decentralize P2P fiat payment histories and reduce the volume of fiat transactions on any one platform.

Lower transaction volume draws less attention from fiat entities, which is a good thing for privacy (for both the buyer and seller).

#privacy

#bitcoin

#p2p

#plebchain

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0a830eae... 2y ago

It certainly speaks to the degree of privacy a majority of end-users are willing to seek. End-users tend to gravitate towards convenient (albeit not private) fiat payment methods. There are lots of gift card options which are generally more private but its really not ideal for the receiver of fiat since they can only spend the funds in one place. Thus why gift card options tend to gravitate toward mostly Amazon where you can buy almost anything from one site lol

But there is always one rule that persists: the only prerequisite to having your bank app account closed is by having one in the first place 😁

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boston wine 2y ago

Very true! And it’s interesting that the gift card options are usually higher premiums. Is this because the buyer (of sats) could more easily scam the seller? Or vice versa?

Or just because of the reduced use value of a gift card?

Also, maybe a higher premium for better privacy…

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0a830eae... 2y ago

Perhaps a little bit of all that contributes to higher premiums on gift cards!

Physical gift card code exchange is probably the most private method, but similarly its so private that its hard to defend yourself in a dispute because there's no definitive way to prove you gave your peer an authentic gift card code that hasn't been used already. Thus why e-gift card with burner email is recommended since you get email receipt proving your peer received the gift card code (but obviously not as private and people still use physical gift card code all the time without issue)

If more people used RoboSats as a sort of P2P bitrefill.. Then a circular economy of sorts could take hold where buyers stacking sats provide sellers with gift cards they can use for their daily living purposes. Rinse and repeat 🙂

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boston wine 2y ago

Love this idea 😍