I don't go to Bitcoin conferences, but I have some questions.
What do they tell a newbie who decided to buy Bitcoin? Get yourself KYC'd here or there and buy?! But we hope you know that from that mome...
most non-kyc platforms have a daily limit of around US$2k to avoid reporting regs.
so 35-odd trades to buy a whole coin.
but the problem is it must be a means of exchange to survive. if you're not orepared to trade with people you don't know then the whole thing fails.
you sending me fiat to buy some sats is not different to you sending me sats to buy a product. you still dont know who I am and I can still scam you.
one benefit to credit cards is they come with at least some form of protection on purchases. if BTC is to become a widly used currency then escrow providers might well become a growth industry.
its one area that will always put off the average Joe. people are very risk averse
so 35-odd trades to buy a whole coin.
but the problem is it must be a means of exchange to survive. if you're not orepared to trade with people you don't know then the whole thing fails.
you sending me fiat to buy some sats is not different to you sending me sats to buy a product. you still dont know who I am and I can still scam you.
one benefit to credit cards is they come with at least some form of protection on purchases. if BTC is to become a widly used currency then escrow providers might well become a growth industry.
its one area that will always put off the average Joe. people are very risk averse
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