Optimator
Alpha
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- Dingus Optimator Khan
they get charged 3.5% because that is what the deposit fee is. MA would save nothing as they already pass on the fee.
Ok, but with btc, there would be less of a fee to pass on then which would be better.
Hundred thousands of dollars a year?
Thats pure fantasy. The deposits are around 10 MUSD/year or less. Even if Lets say 4 % disappear in fees, that's 400 000 USD. Let's say 5 % of the players would you bitcoin instead, that would be 5%x400 000 USD=20 000 USD theoretical that could be saved. BUT...
1. We pay the fees today, not MA.
2. Useing Bitcoins are not free, it will also take fees on transactions. (the miners want money)
3. The market/companies that buying and sells the bitcoins also want fees, different buying/selling rate on the currency.
4. And as I already said before, no system is free to run, it needs maintenance.
5. Not even 5 % of the players would use bitcoins to the make their deposits.
So in the in it would probably not give any benefit at all.
1. So with bitcoin, we pay less fees.
2. The miner's cut is nominal, less than 40 cents US.
3. Companies such as Coinbase charge a 1% vig for their service. They base their conversion on the current market price of bitcoin if they wish to stay competitive. What they do with their btc after the transaction is completed has nothing to do with MA anymore.
4. Yeah, no shit. No disagreement there. And some systems are more convenient than others for some people. So what?
5. It's doubtful that too many people would take advantage of using btc as a payment option at first. I'll grant you that just because bitcoin hasn't reached anything near mainstream use yet. However, in time, like in a few years as people come to realize bitcoin's utility, its use will become more widespread.
No benefit at all? Classic. I know you mean it in the context of EU, MA and players, but still its funny in that its the same thing the misinformed/underinformed/those fearful of change and new technology always say. They said it about the automobile, electricity, the telephone, computers, DVDs, internet protocol, etc, etc.
"So in the end, [insert new technology/innovation here] would probably not give any benefit at all."
Ask the credit card customers of the retail chain Target if they think a system where you can conveniently pay without having to give the company full access to your credit card/bank/personal information would be beneficial.
I think previous posters have already enumerated the benefits of bitcoin, both in general and in relation to MA/EU/players in this thread. But of course, you are certainly entitled to your opinion whatever your level of understanding of bitcoin may be.
Just to add, if MA were to add btc as a deposit option, it would just be another option. No one would be forced to use it. If you want to keep using your cc, you would still be able to.
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