Message from @paradigm
Discord ID: 520722278749831172
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
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.
Paypal will boot you before Patreon does.
And Mastercard has Stripe by the balls.
probably 50c + 3-6%
Like I was saying, you need your own bank.
get a patreon partner, who will give a share of his monthly fee
Once you have a bank then you can process credit cards yourself.
Or, you could send cryptocurrencies of various flavours.
I know someone that was stupid enough to buy Fallout76. Can Tim live off Atoms?