Crypto-Alerts

(UNCENSORED) CRITICAL NEWS ALERT(S):


Is all traditional fiat dead in 2018? No. Not yet. The local stores still need a fiat currency to accept...

Is all traditional fiat dead in 2018? No. Not yet. The local stores still need a fiat currency to accept, because Bitcoin (BTC) and other crypto currencies are often 0.002 BTC per transaction in fees alone! This is astronautical; in terms of future potential value. Therefore, if you buy chemical free bananas and forget your chemical free blackberries and have to go through the checkout a second time in 5 minutes, it become unaffordable/unfair for the consumer; in terms of fees.

Stores that have frequent small item purchases (i.e. gas station where $6 to $33 might be your total purchase), then the 0.002 BTC is unfair to the consumer if they only spend 0.0001 BTC on the item (the 0.002 BTC fees can out weigh the item being purchased; leaving a 300% or more fee on the small item purchase). Therefore consumers will be forced to use a BTC ATM, grab the fiat, and use the fiat for small purchases of less than $500 USD, for example.


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(Updated: December 14, 2017)

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