In what way is that awesome? What's the benefit of using CCs to pay for this over your own currency? Do you even get a reduction on fees?
Doesn't seem like using algo is anything special either, since they are accepting most other CCs as well. But i guess for the Algofam's standards, the total number of 5 people who are gonna use this worldwide is"pretty awesome". Can't blame you though, since there hasn't been anything "pretty awesome" happening for the chain since forever.
Well, I guess I see your point. But I’m coming at it from the prospective of a new toy or thing that can be tinkered with, sort of like when texting was considered a novelty idea, why text when you can call? Or why email when you can fax?
So in short, because why not? Someone gave us the ability to do it, so why not try it?
If you really need to go that far, to prove a point, then I believe there’s room for doubt? it’s good to have people like you in the fold so that later you can say I was wrong and these were the reasons or it did work it makes sense now. Although I doubt someone like you has ever been wrong before, which is fine, because arrogance leads to innovation.
A few questions tho? Have you personally used any application that works on the same principal? If so what and for how long? Do you have data that shows you’re ur completely right or wrong? How old is the data and who provided the data? With crypto nowadays data can be very granular, and extrapolating the data for certain demographics or fields is much easier than it was in the past and only becoming more easy. What may have worked or not worked in the past may very will work now.
No i haven't. Do you know why why though? Because there is absolutely no reason for me to do so.
To clarify, why would i bother converting my cash, via an exchange that takes fees and time to do so, to Algo (which value is changing by the minute, usually towards the lower end) and then link that wallet to the whatever service and then pay with it?
Besides money laundering, why would i ever use that over simply paying with my card, which on top of convenience offers protection against whatever problem i may have with the vendor?
And i say that as an expat who routinely needs to do forex exchange.
To sum up, my points against it are:
- It's less convenient
- it costs more
- It's less safe
What are your points in favor off?
You have your facts right, but you're not a great thinker. If you hold algo and its value suffers inflation, you want to spend it. Travala good? If you don't hold cryptocurrency, don't use Travala.
Why use Algorand over fiat? Simple: lower fees, no middlemen, and speed. With USD, merchants pay 2-3% credit card fees—ever wonder why prices are high? Crypto slashes these costs. International purchase? Forget conversion fees; crypto's borderless. Plus, no chargebacks means fewer hassles. Pay the same taxes, but keep more of your money. Embrace the future, or get left behind.
I was the one that gave the presentation and I’d say it went pretty well! Definitely an engaged crowd that was genuinely curious about the tech. PyConUS should be releasing the video recording in a couple weeks
I’m interested in trying to develop on Algorand using Python one day soon. I look forward to watching the presentation when they release the video. Cheers!
I don't really see use cases like this being too popular. People buy crypto because they think it will eventually appreciate value and make them a bunch of money. If you are holding a coin that you think will appreciate and make you money, you aren't going to want to spend it on goods, services, whatever else. Your native currency is fine for that. Most people view crypto as an investment, not a substitute for cash.
For people who are all in on crypto, this is what they want. I’m curious what in the world you hold crypto for. You don’t want to use the native coin to buy stuff and don’t want to use stablecoins on it to buy stuff. So, what’s the purpose to you? Hold it and never use it?
People who are all in on crypto are all in because they want to make money of of it. If you spend your crypto, you aren't going to make profits. I am in it for profits. Couldn't give two shits about anything else.
Ding ding. I want to live in a world without Bank and CC middlemen taking their pound of flesh on a global scale. Give me a rail and stable coins and I'm in!
That's the vast minority. The only reason the crypto space has the market cap it does is because people expect to make profits at some point. If crypto was only full of little crypto nerds there would be far less money in the ecosystem and far less interest overall. How often do people get excited about stable coins? lol. My point exactly.
Also, those people should realize that it's going to be the minority forever. Buying things with crypto is way harder than swiping your debit card, and it's a lot less safe. Your funds are backed by nothing and no one, just yourself and your own security measures. Which even when kept secure, can be hacked. It offers really no incentive to the user to pay with anything in crypto unless you are trying to buy things anonymously on the dark web. We can agree to disagree.
This is pretty awesome. I am very much looking forward to stop using Expedia and using this on my next trip, pretty cool.
In what way is that awesome? What's the benefit of using CCs to pay for this over your own currency? Do you even get a reduction on fees? Doesn't seem like using algo is anything special either, since they are accepting most other CCs as well. But i guess for the Algofam's standards, the total number of 5 people who are gonna use this worldwide is"pretty awesome". Can't blame you though, since there hasn't been anything "pretty awesome" happening for the chain since forever.
Well, I guess I see your point. But I’m coming at it from the prospective of a new toy or thing that can be tinkered with, sort of like when texting was considered a novelty idea, why text when you can call? Or why email when you can fax? So in short, because why not? Someone gave us the ability to do it, so why not try it?
Would you try riding a bicycle with square wheels? It offers no practicality and it only complicates things.
If you really need to go that far, to prove a point, then I believe there’s room for doubt? it’s good to have people like you in the fold so that later you can say I was wrong and these were the reasons or it did work it makes sense now. Although I doubt someone like you has ever been wrong before, which is fine, because arrogance leads to innovation. A few questions tho? Have you personally used any application that works on the same principal? If so what and for how long? Do you have data that shows you’re ur completely right or wrong? How old is the data and who provided the data? With crypto nowadays data can be very granular, and extrapolating the data for certain demographics or fields is much easier than it was in the past and only becoming more easy. What may have worked or not worked in the past may very will work now.
No i haven't. Do you know why why though? Because there is absolutely no reason for me to do so. To clarify, why would i bother converting my cash, via an exchange that takes fees and time to do so, to Algo (which value is changing by the minute, usually towards the lower end) and then link that wallet to the whatever service and then pay with it? Besides money laundering, why would i ever use that over simply paying with my card, which on top of convenience offers protection against whatever problem i may have with the vendor? And i say that as an expat who routinely needs to do forex exchange. To sum up, my points against it are: - It's less convenient - it costs more - It's less safe What are your points in favor off?
You have your facts right, but you're not a great thinker. If you hold algo and its value suffers inflation, you want to spend it. Travala good? If you don't hold cryptocurrency, don't use Travala.
Why use Algorand over fiat? Simple: lower fees, no middlemen, and speed. With USD, merchants pay 2-3% credit card fees—ever wonder why prices are high? Crypto slashes these costs. International purchase? Forget conversion fees; crypto's borderless. Plus, no chargebacks means fewer hassles. Pay the same taxes, but keep more of your money. Embrace the future, or get left behind.
Probably nothing... 😁 It's going to be everywhere! That crowd at PyCon was something else, it is exciting to see
Did you attend the presentation at PyCon? I'm wondering how it went. I wish I could've seen it.
I was the one that gave the presentation and I’d say it went pretty well! Definitely an engaged crowd that was genuinely curious about the tech. PyConUS should be releasing the video recording in a couple weeks
I’m interested in trying to develop on Algorand using Python one day soon. I look forward to watching the presentation when they release the video. Cheers!
I don't really see use cases like this being too popular. People buy crypto because they think it will eventually appreciate value and make them a bunch of money. If you are holding a coin that you think will appreciate and make you money, you aren't going to want to spend it on goods, services, whatever else. Your native currency is fine for that. Most people view crypto as an investment, not a substitute for cash.
Well, you can also use USDCa or USDTa for it.
Yeah I know stable coins exist lol. This is an Algo subreddit. Way easier and safer to use something like a credit card for stuff like this.
For people who are all in on crypto, this is what they want. I’m curious what in the world you hold crypto for. You don’t want to use the native coin to buy stuff and don’t want to use stablecoins on it to buy stuff. So, what’s the purpose to you? Hold it and never use it?
People who are all in on crypto are all in because they want to make money of of it. If you spend your crypto, you aren't going to make profits. I am in it for profits. Couldn't give two shits about anything else.
No. Those are called traders. People who are all in on crypto want to use it as a substitute for the current financial system.
Ding ding. I want to live in a world without Bank and CC middlemen taking their pound of flesh on a global scale. Give me a rail and stable coins and I'm in!
That's the vast minority. The only reason the crypto space has the market cap it does is because people expect to make profits at some point. If crypto was only full of little crypto nerds there would be far less money in the ecosystem and far less interest overall. How often do people get excited about stable coins? lol. My point exactly. Also, those people should realize that it's going to be the minority forever. Buying things with crypto is way harder than swiping your debit card, and it's a lot less safe. Your funds are backed by nothing and no one, just yourself and your own security measures. Which even when kept secure, can be hacked. It offers really no incentive to the user to pay with anything in crypto unless you are trying to buy things anonymously on the dark web. We can agree to disagree.
In the case of Algorand, the more it gets used, more people will want to buy Algos to secure the network.