Roblox pays 26% of its revenue to Apple/Google for payment processing. We need better alternatives now.

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[–]magnora7 6 insightful - 4 fun6 insightful - 3 fun7 insightful - 4 fun -  (13 children)

Bitcoin transactions cost about $4.

XRP transactions cost about $0.0001 each.

There are better options, the only question is why more people aren't using them? Especially online retailers, cryptocurrency payment purchasing options need to become mainstream and fast

[–][deleted]  (1 child)

[deleted]

    [–]JasonCarswellDAT Mod 2 insightful - 3 fun2 insightful - 2 fun3 insightful - 3 fun -  (0 children)

    LOL

    [–]Jesus 3 insightful - 3 fun3 insightful - 2 fun4 insightful - 3 fun -  (5 children)

    Digital currency is exactly what TPTB want. They won't sanction alternatives. A mathematically perfected economy based on supply and demand is the only way around all of this. The banks are not going to allow the people to have their own digital currency.

    [–]magnora7 4 insightful - 3 fun4 insightful - 2 fun5 insightful - 3 fun -  (0 children)

    Perhaps, but there are thousands of competing cryptocurrencies right as we speak. Most are not owned by the powers that be

    [–]JasonCarswellDAT Mod 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (3 children)

    They are anything but efficient.

    Their primary criteria is that the majority of the money/power/control flows to TPTB.

    I can't speak much to a mathematically perfected economy, but it might be worth aiming for.

    The current system is terrible with excessive surplus mass produced disposable shit. Inverting it to produce items on demand would be better, though patience would be required.

    As you implied balance would be better - and it would be more practical if there was an open-source democratic online network with Amazon-warehouse-like regional caches all over (a few in every city) to maintain modest stocks of everything - but it's a pipe dream and would be corrupted or suffer a hostile takeover by TPTB, even if you could build the network overnight. These systems alreadu exist, for products and for food - but they're all corporate and pushing crappy merchandise.

    [–]Jesus 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (2 children)

    excessive surplus

    But it isn't a surplus, at least not in regards to food, when so many people are starving or malnourished.

    [–]JasonCarswellDAT Mod 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (1 child)

    Depends. On many things.

    There's extreme food waste in North America. We have exceptionally inefficient systems on many levels. Processing factories should be reclaiming the heat they use to generate power and/or heat homes. There's no food reclamation projects. In Oakland we built a veggie oil to biodiesel station in our warehouse. The restaurants couldn't give us their old oil fast enough. We filled many vehicles and in turn they did a weekly circuit of the restaurants. Every person did it a few times a year. And that's just off the top of my head regarding food and energy. There should be no one hungry - yet the system does not care about trickling down fairly nor efficiently nor at all.

    Clothing is ridiculously wasteful on a crazy scale. That's a whole other ball of confusion. So much just ends up going to Africa - including the high-end stuff.

    Ultimately we need to build an anti-corporate and anti-consumerist culture and bring manufacturing home again, DIY and hand craft things, and develop our own non-exploitable cultures.

    [–]Jesus 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

    Ultimately we need to build an anti-corporate and anti-consumerist culture and bring manufacturing home again, DIY and hand craft things, and develop our own non-exploitable cultures.

    Agreed! Decentralization is key.

    [–]whistlepig 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (3 children)

    Fuck ripple. There are plenty of real crypto currencies that don't have inflated fees like the current Bitcoin. Like most of them. Bitcoin Cash, Litecoin, zcash, monero, etc etc etc etc.

    [–]magnora7 3 insightful - 3 fun3 insightful - 2 fun4 insightful - 3 fun -  (2 children)

    They dropped the "ripple" name btw, it's just xrp now.

    Xrp does have the lowest fees of any coin, and it has proven those low fees scale to large volumes. So while I'm not happy it's the banker's coin, it does actually have some of the best transaction low-cost functionality of any of the popular coins. https://bitinfocharts.com/comparison/transactionfees-btc-eth-bch-ltc-xrp.html#log

    [–]whistlepig 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

    there aren't many things we disagree on, but they do come up on occasion ;]

    [–]JasonCarswellDAT Mod 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

    Is there any chance it could be a trap in some way?

    Perhaps it could all go down suddenly one day - or - could it be the slow boil like YouTube trapping the attention of the masses?

    I lost $36 of Bitcoin in October 2013 (@ $125.49 USD / BTC) when they shut down the Silk Road. It was shy of enough for a gram of ketamine, so I likely would have spent it then if the FBI hadn't stepped in to hold it for safe keeping. As you know, I've had some BTC since the Corbett Report Bitcoin giveaway (at least after 2016), so if I got some since then it would just accrue. I'd never noticed before, but looking at 2013 Bitcoin prices, it spiked up from November 2013 (@ $198.51 USD / BTC) to December 2013 (@ $946.92 USD / BTC) likely when the FBI cashed in. Today it says it's $ 19,293.09 USD / BTC - and climbing. My $36 the US government stole should be worth at least 100 times that. I'd settle for payment in ketamine and/or other recreations. If you're watching spooks, it's a cheap efficient way to shut me up.

    Maybe I should find a way to invest some next dip.

    [–]JasonCarswellDAT Mod 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

    Mainstream also means idiot-proof (simple and clear) and trustworthy (hack-proof and reliable).

    [–]Canbot 5 insightful - 2 fun5 insightful - 1 fun6 insightful - 2 fun -  (7 children)

    We already have credit unions. Why don't the credit unions provide electronic payment services that don't rely on Visa or mastercard? They could easily get together and set up a blockchain system that would be nearly free to use, exclusive to credit unions protecting it from manipulation and abuse, and easily accessed through phone apps. Zelle already exists. You can have credit unions support another system just like that and completely circumvent the banking/tech cartels.

    [–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (3 children)

    We need to boycott the banks and use credit unions whenever we can.

    It would be a good idea to have an electronic payment service mutually-owned by credit unions, which are themselves owned by the People. I'd use it, and so would many businesses if it saved them money — so long as it uses the US Dollar and other common currencies.

    Ideally we'd ban for-profit banks and usury, and organize the finance industry into a guild, which owns the means of payment, and can self-regulate instead of relying on corrupt, and often ignorant, politicians to solve industry-specific problems. But that's probably just a corporatist pipe dream.

    [–]JasonCarswellDAT Mod 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (2 children)

    Not just one "electronic payment service mutually-owned by credit unions" - but a network of them, one (or more) for each to decentralize it all. Much of this is just digital stuff that can largely be duplicated with specific variations, including different currencies, protocols, networks, security measures, priorities, etc.

    It might even be worth developing a system (or more) for every person and their unique interests.

    Federations and guilds can be good, but they could also potentially be corrupted like any other tribalist groups and ideologies. Transparency and openness is critical.

    [–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (1 child)

    A P2P system would probably be ideal, but I don't know how the logistics would work out.

    [–]JasonCarswellDAT Mod 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

    Agreed. There's much to be determined. It seems like some folks are on it, and some who shouldn't be are too - so remain vigilant.

    [–]JasonCarswellDAT Mod 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (2 children)

    As far as I know, credit unions, trusts, etc. in Canada have strict regulations on what they're allowed to do. The banks need to maintain their dominance after all.

    On the other hand, IMO, we should be trying to establish our own alternative virtual systems independent of all these establishment slave systems.

    Thanks for introducing me to Zelle. I'll add it to /s/DecentralizeAllThings/wiki

    [–]Canbot 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (1 child)

    Zelle is owned by the banks. It's not really decentralized.

    [–]JasonCarswellDAT Mod 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

    I noticed something like that - ie. non-censored Wikipedia page.

    I guess I should distinguish the difference between "alternatives" and "decentralized alternatives". Alternatives are better than supporting the giant monopolies, but inevitably unless they are actually bottom up they're still just serving the ruling class.

    [–][deleted] 4 insightful - 3 fun4 insightful - 2 fun5 insightful - 3 fun -  (0 children)

    From the company that keeps 70% of revenue generated by the creators.

    [–]JasonCarswellDAT Mod 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (2 children)

    I guess I have to draft up my trillion dollar concept I've been hinting at this week.

    [–][deleted]  (1 child)

    [deleted]

      [–]JasonCarswellDAT Mod 1 insightful - 3 fun1 insightful - 2 fun2 insightful - 3 fun -  (0 children)

      I'll ping you and Tom who I'd mentioned it to. It's not ground breaking. It's obvious. But I haven't seen anyone say it much less promote it or rally the revolution that's necessary, started by those who can because they've learned to code (usually working for the corporatocracy).