I hate exchanges, and don't trust them one bit. I was previously beginning a process of slowly getting ~1000 USD at a time turned into CAD and deposited into my bank account, and the exchange that I was using (Quadriga) finished an exit scam right before I sent them another 1k.
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I do think that it's the best way to receive donations in practice. People can send donations with incredibly low fees and you don't deal with chargebacks or disputes since payments can't be reversed. Can use btcpayserver.org if you want to hide how much you're receiving.
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my problems with Bi/tcoin are primarily political in nature (it's extremely destructive and also totally controlled in practice by like five guys who want to launder money from China, both bad long term outlook); I have used it extensively and know what it's capable of
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Bitcoin isn't very private at all even when not reusing addresses but I would like it far more if it was. I see support for laundering money as a necessary evil similar to criminals benefiting from end-to-end encrypted messaging. I do agree proof of work is a serious problem.
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KYC and AML aren't a problem for organized crime anyway, just ask HSBC... the bank that denied me service for bogus and likely discriminatory reasons but gladly laundered $670 billion (not a typo) for Sinaloa. Abolish KYC and AML
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Yeah, I fully agree, and I'm strongly anti-authoritarian (definitely not an anarcho-capitalist so don't worry about that), so this is the kind of stuff that I want to fight against as part of my work. Governments are going to get rid of cash and I want a proper alternative... :(
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I don't share the monetary policy beliefs of Bitcoin either. I want privacy, and I don't think having a deflationary currency as the dominant one would be a good thing (especially as deflationary as Bitcoin is meant to be) but it's really the best way for me to get donations ATM.
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Few people realize how horrifying it is to deal with PayPal and credit card processors as a merchant, especially as a small business / individual. It's fantastic as a customer, since you're protected from fraud and you can abuse it. It's a big part of merchants being centralized.
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yeah I avoid inbound transfers to PayPal period. in the past when some people wanted to donate via PayPal I asked my roommate to accept it instead, which is fine because it'll just all be spent on food anyway
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Stripe is definitely far less bad when it comes to bias in the disputes and freezing money, but it's still a major issue. It's similar to content moderation on Twitter, YouTube, etc. where they are largely required to do it by regulations but they implement it lazily / cheaply.
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PayPal would get punished for not looking for fraud and then freezing accounts and payments based on suspicion / disputes. On the other hands, there doesn't seem to be any regulation with any weight behind it that protects individuals and businesses from being screwed by them.
Also can't get lower fees with Stripe without actually having a registered non-profit so you're stuck paying around 3-4% + 30 cents for local payments in the right currency and around 5-6% + 30 cents for international ones in wrong currency. More with crowdfunding platforms...
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It doesn't really matter for donations, but that's a pretty big deal if you're using it for a business. Small businesses / individuals really get completely screwed over, especially once fraud issues come into the picture. I won't be surprised when everything is sold via Amazon.
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