this post was submitted on 17 Dec 2023
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Mmm, considering NFTs are all on transparent blockchains, I don't know that I would choose that particular method to accomplish that.
The transparency is the feature that makes it great. I can buy drugs or whatever, and exchange you buy an NFT from me of equal value. Now when the bank comes and says “where did this >$15k transaction come from?” I can point to the blockchain and say that I sold my fancy monkey pic.
This has been a thing in the physical art world for a while, https://complyadvantage.com/insights/art-money-laundering/, this just made it easier.
Yeah, I know it's happened for a while, but my big question would be why are you having to put your money back in the bank instead of leaving it on a blockchain such as Monero. The dollar is about the biggest scam around along with all other government fiat currencies.
Good and services are still primarily purchased with fiat in most of the world. You need to be able to actually use it for it to be useful, so whether or not blockchain is theoretically better doesn't matter there if there isn't wide enough adoption.
True, thanks to the internet if the good is not immediately available in my local area for crypto i can order it online and have it delivered. Depending on exactly what the service is makes that an option too.
Must be nice to be rich.
Plenty of us can't afford to order groceries to be delivered and Aldi sure doesn't accept Bitcoin.
Ever heard of instacart? They dont accept crypto, but you can buy their giftcards with crypto, order your aldi groceries, and go pick them up. Thats what i do anyway
And they charge a fee for it. Which is nice if you can afford it.
Not for pickup, they don't.