Damus
fiatjaf profile picture
fiatjaf
@fiatjaf
I don't get why people like these companies that sell you gift cards and similar stuff for Bitcoin and make you pay more than you would pay if using fiat. Is the goal to make Bitcoin look inferior?
514❤️19🤙7
faisal · 157w
different ramps
Kieran · 157w
What if you don't have fiat to spend
𝖋𝖎𝖆𝖙𝖉𝖊𝖓𝖎𝖊𝖗 (¯`◕‿◕´¯) · 157w
What service are you referring to?
₿itcoin · 157w
I dont like companies or governments in general, who only want to gain bitcoin but never pay bitcoin. Governments want taxes in bitcoin, but they never pay people back bitcoin. Be aware of this.
boston wine · 157w
I think if you’re 100% in Bitcoin and don’t want to use a kyc fiat exchange but need to buy from a business that doesn’t accept Bitcoin, this is a service to meet that need
₿itcoin · 157w
That woupd not be smart. Bitcoin only is for now not the right thing. Cash is also needed.
twopack · 157w
Might have something to do with KYC and the lack thereof?
Neo ⚡️ · 157w
Bitrefill does not overcharge, you pay 1:1. But you're right some other companies do.
nostrich · 157w
I agree with you. In my opinion, being in their infancy, they try to cash in as many sats as possible (having minimal competition). Also, the "bitcoiners" are happy because they think they are contributing to the development of the Bitcoin standard when, in fact, they're not.
Brunswick · 157w
I see it as capitalizing on the general positive image that bitcoin is beginning to garner with the nontechnical.
lost1256 · 157w
it will be for this reason that the project on nostr does not collect adhesions
idsera · 157w
Hi had this kind of experience with #[2].
HODL · 157w
I don’t use them but It’s because people are using them to evade capital gains taxes. That’s why they have a market demand.
Parallel Structures · 157w
I think it's for people avoiding capital gains tax. That's the people I know who do it anyways
Happy₿ear🇮🇱 · 157w
yes more merchants need to accept Bitcoin directly.
DarthCoin ₿⚡️ · 157w
Because they want your sats
@dudekrozaliagimal · 157w
Gupie
@dudekrozaliagimal · 157w
https://nostr.build/av/dd2170ecacad46156f06103566144c001b8c7c659ec427bbc573f7a2c2bf5bfc.mp4
doot · 157w
i use thebtcco in australia for gift cards at grocery stores like coles and i actually come out ahead (which makes sense because because then they don’t pay the 1.5-3% processing fee) you just need to avoid prepaid VISA/similar cards
DanSheen · 157w
If you buy gift cards with bitcoin it avoids using a kyc exchange the would report a sale to irs. If one had highly appreciated bitcoin one could buy a gift card as a way to try and dodge taxes. Maybe selling gift cards for bitcoin could be a way to also avoid kyc exchanges to purchase bitcoin.
ruben · 157w
privacy perhaps if you a pro, but I agree should be a discount when using btc …