They knew

2022.01.29 08:22 Aniterin They knew

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2022.01.29 08:22 IndependentOk1162 The Problem With CryptoCurrency Payments

Cryptocurrency is being widely adopted currently. A growing number of decentralized applications are popping up every day. As cryptocurrency gets more adopted, more merchants are starting to accept it, but this number is still very low. To put it into context, Visa currently processes over 200 billion transactions. BitPay (Currently the world’s largest crypto payment processor) processes roughly 800,000. For context, for every 1 transaction BitPay processes, Visa processes over 250,000.
As you can see, this is pretty much negligible. Why? I’ll explain the reasons below.
The Problems It’s not that cryptocurrency is not being used. The global trading volume of most of the biggest cryptocurrencies combined is over $200 billion per day.
This shows that crypto payments is being used, it’s just not being used for payments. Why? Here are the reasons:
First problem: the User Experience (UX) simply sucks. Let’s say you have to make a recurring transaction(Like your netflix subscription) with fiat(USD and Credit Card):

  1. You select pay with Credit/Debit Card
  2. You either click autofill with your browser, which fills the credit card details or you press pay with apple/google pay and the transaction happens seamlessly. If you’re not in the US, you might need to complete 3D Verification (OTP or approve transaction) from your bank’s app, but it’s still pretty seamless.
  3. Now the transaction will happen seamlessly every month with no intervention from your part
Now, if you want to make a recurring transaction with crypto
  1. You select the currency you want to pay with
  2. If paying with metamask: You copy the address from the screen, copy the amount you need to pay, paste it in metamask
  3. Then you click comfirm the transaction twice and then it’s sent.
  4. If money is lost due to gas fees, your purchase is not confirmed and you need to make a new transaction to pay the remaining amount and confirm the purchase. It’s similar with a mobile wallet.
  5. Now every month, you have to open the website, check the invoice and repeat the whole process again.
As you can see, it’s a lot more painful that forgetting about the subscription and it happening automatically.
Second Problem: Churn(Number of customers who unsubscribe) Because of the bad UX, the businesses who accept crypto payments for recurring transactions have a significantly higher churn rate(Number of people who unsubscribe) every month. This is because, every month the buyer needs to make the purchase decision again, they need to consider whether they absolutely need the project, and if they don’t absolutely need the product, they will unsubscribe.
This is not the case with credit card subscriptions. Most people will only cancel if there is a solid reason to cancel. Otherwise, they’ll just keep paying the subscription. This article outlines how 62% of automatically recurring subscriptions are unwanted. This puts a lot of money into the business’s bank.
Due to this, businesses do not want to accept crypto payments (As seen by the minuscule number of transactions that are processed by BitPay every year).
Third Problem: Cost of Transaction Another problem is the cost of cryptocurrency transaction (Apart from gas fees). Most of the people who own cryptocurrency store their funds in a Centralized Exchange (CEX). It’s only the enthusiasts that store money in a different wallet or metamask. This means that there is often high withdrawal fees, so it costs more to buy with cryptocurrency.
Fourth Problem: Behavioral Misfit Cryptocurrency is primarily used as an investment, so when someone get’s paid their salary in their bank account, they only transfer the amount they want to invest in crypto into the CEX. They transfer some money into their stock investment account, some into Coinbase. They don’t transfer extra funds, so they can’t make purchases because this isn’t their funding account, it’s their savings.
The Solution There are two things that need to happen for cryptocurrency to be adopted widely.
First Step : better UX.
The existence of the current UX is for security. The users are in control of their money and no one except the user can make the transaction, unlike credit cards (Bank can authorize transaction automatically). Unfortunately, there needs to be a solution where people can delegate the transaction signing. Even though this is less secure, most people don’t care. Ease of use matters more than security to the wider audience. This is the same reason most people reuse their passwords on all the websites.
So we need a protocol that the users can delegate the transaction signing to. This will enable recurring transactions and then more businesses will start accepting cryptocurrency.
This is the protocol that we aim to build with LunarPay( We aim to build a secure foundation for recurring payments in the Web3 space. An ecosystem that any application can be part of.
Second Step : Corporations need to start using cryptocurrency.
Only when the corporations start using crypto, the employees will get paid in crypto and the general public will have crypto to spend. There are many services like Superfluid that are already starting to offer payroll services in crypto, but they manage a negligible amount compared to the potential of this.
This will happen inevitably because corporations are driven by profit, integrating blockchain in their ERP and finances is efficient because they no longer need to worry about the paper work and delays caused by banks. They can trade internationally seamlessly. This will happen once the government regulates crypto. Corporations won’t spend resources building blockchain infrastructure if the future is uncertain.
Once the government regulates crypto, corporates will start adopting blockchain and crypto payments will start to become a reality.
For a behavioral transition to happen successfully, the tech needs to make life easier, crypto does not do this right now. So only enthusiasts will adopt this. As soon as governments regulates it, there will be a lot more investment and adoption. Basically, it’ll blow up (Assuming the government does not ban it lmao).
That is all. Thank you for taking the time to read this.
If you’re interested in crypto payments, make sure to follow me on twitter for more content.
submitted by IndependentOk1162 to CryptoCurrency [link] [comments]

2022.01.29 08:22 Instahome_uk This was a really fun upcycling project & saved a fortune on ‘posh’ glass jars for my pantry shelves.

This was a really fun upcycling project & saved a fortune on ‘posh’ glass jars for my pantry shelves. submitted by Instahome_uk to upcycling [link] [comments]

2022.01.29 08:22 Stiofanuaimh Insert Hip Hop Reference There

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2022.01.29 08:22 Kelkenhans Portugal Grand Prix / -73 FRAvBRA (GABAvCARGNIN)

Can someone please explain how GABA was not DQd after the 3rd Shido?
submitted by Kelkenhans to judo [link] [comments]

2022.01.29 08:22 TokyoForever this song has been critically underrated for three years. imo it’s one of Ybs top 10 tracks.

this song has been critically underrated for three years. imo it’s one of Ybs top 10 tracks. submitted by TokyoForever to NBAYoungboy [link] [comments]

2022.01.29 08:22 tigo3331 Landing in San Siro in Microsoft Flight Simulator 2020

Landing in San Siro in Microsoft Flight Simulator 2020 submitted by tigo3331 to FCInterMilan [link] [comments]

2022.01.29 08:22 AstromineX Mining stores not working?

I've seen other people have access to the stores to buy modules, mining lasers, etc... but after the 3.16.1 patch I haven't been able to. I've sat in these terminals as long as I could before they kick me out of them and they all show nothing in them, any known fixes for this?
submitted by AstromineX to starcitizen [link] [comments]

2022.01.29 08:22 EnigmaWithAlien I read a Christian book about "end times" and now see why ... Long.

I read a Christian (fundamentalist) book about "end times" and now understand much better why many people completely reject religion, especially Christianity. The book says (among many other things) that before God and literally everybody all your sins - even your thoughts - will be stated aloud by God in person to be judged.
An example was "You lusted." Imagine an adolescent reading this and thinking that's the most important element in Christianity - getting saved so that when (not if) your private thoughts are revealed to your schoolmates, parents, grandmother, and all, you'll have them forgiven and pass into a realm of happy peace.
All the while your friends who don't believe as you do, who might have sinned on and off for a lifetime (say 85 years?) - or maybe not have sinned very much at all, but simply have stuck with their own religion, Judaism, Islam, Buddhism, or any other, despite you having told them about Jesus - burn in hell for literally forever, which you, in heaven, are aware of and and approve of according to this writer's stated beliefs.
Is it any wonder that people who think all Christians believe like this - which they don't - develop a thoroughgoing hostility toward the religion?
I am from the Christian tradition and don't believe any of those things, nor do the people I go to church with. I am aware that many people do sincerely hold these beliefs. However, there is no argument that can make me believe that, for instance, Mr. Goldstein, the beloved principal of my elementary school, who was Jewish, is now screaming in agony for eternity for rejecting Christ. When he died was when I began to lose my literalist beliefs.
submitted by EnigmaWithAlien to religion [link] [comments]

2022.01.29 08:22 Johnrevenge What I imagined that the next baton pass could be with Cure Precious

What I imagined that the next baton pass could be with Cure Precious submitted by Johnrevenge to precure [link] [comments]

2022.01.29 08:22 MegatenPhoenix Is scav vest still not needed for punisher part 4?

I saw some old posts stating that the quest was bugged and any rig would do. Did they fix it already?
submitted by MegatenPhoenix to EscapefromTarkov [link] [comments]

2022.01.29 08:22 Geschiedenismemes What’s the name of the situation where two dancers, who are dancing differently, unknowinglingly sync up together?

submitted by Geschiedenismemes to NoStupidQuestions [link] [comments]

2022.01.29 08:22 CFXJ Taeyeon

Taeyeon submitted by CFXJ to kpics [link] [comments]

2022.01.29 08:22 cherry_291023 best melt teams

hello! i just got ganyu and was wondering what teams are best with the characters i have ;
for a bennet + xiangling melt, should i use diona as a shielder (+ cryo res) or thrilling tales tankfei? which would make basically mono pyro and i dont have zhongli
or i could also do a sunfire team with bennet, jean vv and tankfei/ diona but i'm not sure what rotations to use since jeans burst doesn't last that long
any help is appreciated !
submitted by cherry_291023 to Ganyu [link] [comments]

2022.01.29 08:22 Ziga_Zagz First full 10 days with the new aurora ryzen R14 review.

submitted by Ziga_Zagz to Alienware [link] [comments]

2022.01.29 08:22 YamOwn2751 guys she is Back i create new comunty for she come on

guys she is Back i create new comunty for she come on submitted by YamOwn2751 to Aishamartinez [link] [comments]

2022.01.29 08:22 Tjicama617 Book learnin is for commies

Book learnin is for commies submitted by Tjicama617 to esist [link] [comments]

2022.01.29 08:22 emil3697 Co;or rendering in video

While playing any video in any format in any app there is an issue with color rendering. Colors are less contrasting and saturated. This issue was not actual on older hardware, drivers. I tried to change color settings via Intel® Graphics Command Center many times, but no result.
Windows 10 19044.1466. Intel UHD 630 driver ver.:
submitted by emil3697 to microsoft [link] [comments]

2022.01.29 08:22 blink85 Anyone using TOTY HM Goretzka?

How good is he as a CM? I need a replacement for Prime Gerrard (don't ask) and he fits into my team perfectly. Will be played alongside WW Sow and POTM Paqueta in a 4312. Just not sure if he's worth the 400k+.
submitted by blink85 to FIFA [link] [comments]

2022.01.29 08:22 TheMayMayMakers My name is Dziewięćsetdziewięćdziesięciodziewięcionarodowościowego, (Post by u/Alarmed-Ad-436)

My name is Dziewięćsetdziewięćdziesięciodziewięcionarodowościowego, (Post by u/Alarmed-Ad-436) submitted by TheMayMayMakers to Maymay_Makers [link] [comments]

2022.01.29 08:22 Morning_Wonderful How do INFPs show romantic interest?

I’m sure this has been asked many times, but I don’t know how to search for it. How do you guys show interest?
I love INFPs but always scare you away. I have been communicating with an INFP and she kinda seems hot and cold. She is busy with nursing school and work and all that. What can I do as an INTJ to get her attention and maintain it?
submitted by Morning_Wonderful to infp [link] [comments]

2022.01.29 08:22 Li_Jingjing Dai Zu (傣族) is an ethnic group in China famous for their unique dance of mimicking peacock: The Peacock Dance. It is one of the most-performed traditional Chinese dances both in China and worldwide, a perfect example to show that all cultures are well preserved and respected in China.

Dai Zu (傣族) is an ethnic group in China famous for their unique dance of mimicking peacock: The Peacock Dance. It is one of the most-performed traditional Chinese dances both in China and worldwide, a perfect example to show that all cultures are well preserved and respected in China. submitted by Li_Jingjing to InformedTankie [link] [comments]

2022.01.29 08:22 Natural_Remove_3480 AITA- Nephew Paedo is trying to bribe his way back into the family and i'm the only one who sees it.

My wifes(35) nephew(31) was caught 2 years ago with indecent photographs of a paedophilia nature on his phone as part of a police sting operation. At the time my wife and i completely disowned him as any part of our family. His immediate family had differing reactions though is mother (wifes sister) supported him through his conviction but then moved away from him as she was planning on doing so anyway. Over Christmas the nephews partner (who also stood by him) sent xmas gifts for the family. I lost it and and told my wife i wanted nothing to do with it and didnt want the children having their gifts either. The children got their gifts, i was furious. I have now found out my wife also sneaked some items amongst my possessions and im furious. She also have bkrthday gifts from them to one of our children. When questioned she brushed it off again and said that as we have the stuff we may as well use it. Im more of the opinion it can be thrown or donated to charity. The rest of the family seem to be forgiving the deviant for his heinous crimes, i cannot! AITA here?
submitted by Natural_Remove_3480 to family [link] [comments]

2022.01.29 08:22 Jason_Cril I want to remove a bad tattoo

I had a bad tattoo done and I regretted it after 3 days, and then after 4 days I realised I prefered the way my body looked before the tattoo, I prefer a blank slate. This sucks because for 8 years I was so sure that I wanted one, but now after I got it done, I regret it. And also it's badly done.
Im going to wait until l have enough money, and for it to fade. So here's where my question comes in, should I just let it fade then start the removal process...
or should I get it reworked so that it at least looks better so that I can cope with it then get it removed years later? Is that just wasting money?
submitted by Jason_Cril to tattoo [link] [comments]

2022.01.29 08:22 ThatDrumm3rGuy Back in Appalachia after taking some time off. I came back with a new character, and I received this on my first armor pick. Is the UY/S/wwr still good?

submitted by ThatDrumm3rGuy to fo76FilthyCasuals [link] [comments]