There are good reasons why crypto in its current form, won't be the solution. Mostly to do with the majority of major banks banning the purchase of crypto with their credit cards, and BRAM regulations being changed a few months ago to label crypto companies as 'high risk'

Bitcoin sucks.

It is an enormous waste of resources which is useless.

and shitcoins suck as well

All of them?

So you can transfer your crypto back and forth, but you can't turn it into cash to pay your taxes/rent/bills.

I am not aware of a good one

Well, you can at the moment.

How does anyone cash out of crypto?

There are several.

It's a vulnerable point though. If I were PFAW I'd be lobbying banks to chokepoint the crypto exchanges.

lol

hawalla

I bought my dog in crypto.

But little else.

*hawala (sp)

That said, you will be able to spend it directly soon enough.

soon enough to feed a family this month?

And the aim is to make the FIAT-crypto-FIAT path as smooth as something like Patreon.

No.

what's the transaction loss on FRN-crypto-FRN

Fiat->Crypto is already very difficult for US persons.

But probably sooner than a boomer like Sargon is going to start processing his own credit card transactions.

Some.

Crypto->Fiat is possible with a little inconvenience and significant transaction fees.

Yes. There are transaction fees. And?

But it's very vulnerable overall. Easy for lobbyists to smear as 'high-risk'.

the last crypto transaction I did was via coinbase
FRN - BTC - NMC

iirc, it was a hassle

and the fees were stupid

I wanted a bit of the stuff to play with

otherwise I would not have bothered

So what, apart from wire transfers and setting up one's own credit card processing facilities, can someone who has been kicked off Patreon use?

I certainly would not bother for a transaction

Put cash in an envelope?

fundraisers

The creator would hold their funds and cash out monthly, I expect.

Sell Super Male Vitality.

if you get kicked from patreon, you can still try paypal, stripe, and a few others
failing that, you need a banking contract

Tim said that sending him cash is pointless coz it goes missing. What if we sent him coke?

The fees would probably end up being comparable with existing payment processors, which are not free, nor particularly efficient.