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Jestopher
391819e2f2f13b90cac7209419eb574ef7c0d1f4e81867fc24c47a3ce5e8a248
Co-founder of Amboss Technologies, Inc. "Never before has greed tempted me to live a very simple life." Mostly #memes & #lightningnetwork thoughts https://amboss.tech

They own the means of production

Replying to Avatar Crizzo

I used to be able to pay this online retailer in Bitcoin. If I remember correctly they used Coingate to process crypto transactions. Last week I went to make a purchase and found they had removed crypto as an option so I contacted them and told them I was disappointed I couldn't pay with Bitcoin anymore. This is the response I got:

> Hello Crizzo

> Thank you for reaching out to us, and I apologize for any inconvenience caused by the removal of the Bitcoin payment option. We understand your disappointment, and I'd like to provide some context.

> Back in 2014, we were excited about the possibilities of cyptocurrencies, including Bitcoin. At that time, we became one of the first major payments companies to support Bitcoin payments Our hope was that Bitcoin could serve as a decentralized substrate for online transactions, especially in regions with limited credit card penetration or high credit card fees.

> However, over the years, Bitcoin has evolved. Transaction confirmation times have increased, leading to higher failure rates for fiat-denominated transactions. Additionally, fees have risen significantly, making regular Bitcoin transactions as expensive as bank wires. As a result, the desire from our customers to accept Bitcoin has decreased, and revenues from Bitcoin transactions have declined.

> Given these challenges, we made the difficult decision to wind down support for Bitcoin payments. Despite this, we remain optimistic about cryptocurrencies overall. We continue to explore the crypto space

>If you have any further questions or need assistance with alternative payment methods, please don't hesitate to reach out. We appreciate your understanding and look forward to serving you in other ways.

> Kind regards

> Mike

This is from affect3D.com which is a store that sells 3D animated porn. I think he may be referring to the content creators that sell stuff in the store as the "customers" that don't want to accept Bitcoin, not the people who buy the content.

Anyway it's disappointing. #Bitcoin still has a long way to go before it can be used transactionally it seems. It's still the best SoV to ever exist at least.

We're continuing to build for this optimal payments future.

If your payment app doesn't work, I'd imagine it's pretty threatening to have someone trounce your payment reliability.

Flagging doesn't stop commerce.

What you're describing would require that an enforcement agent be able to stop a Bitcoin transaction, which isn't realistic.

Exactly. If your bank cut you off or Visa got Investor pressure to end your payment processing, you're toast.

Lightning Network offers far more redundancy such that 87 separate entities would have to end their relationship with me in order to stop me receiving payments.

Even then, I could still get paid on chain.

Censorship resistance is putting it lightly.

Absolutely. A relationship may be revoked unilaterally by any participant. That's part of consent.

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