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the consumer doesn't want stablecoins

good luck shifting them off their ultra-convenient tradfi options with chargeback protection

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Coinbase employee (Investigatooor), personal account. Onchain is the future.

I feel like that trust can just be built with the merchant. 

This may be a blind spot because I suppose I don't do a lot of shopping with small merchants but I've never once needed to do a chargeback across all my tenure as a credit card holder and have never felt particularly protected having the option.

vastly more important for consumers to feel comfortable knowing they can do a rightful charge back when necessary 

retailers would go out of business trying to force consumers to not be able to do that any more

They can be incentivized with discounts provided by the fee savings. 

Merchants are people too, and fake chargebacks can also be a big problem.

A doodler and computerer. I like permissive/permissionless open source, smart contracts, p2p systems, room-scale VR, and NixOS.

shazow.net

Currently: WhatsABI

other way around, yield earning escrow vaults is free money.

the moment companies feel comfortable with regulation around this, they're going to jump on it.

they can but then you start to eat away at those "free" stablecoin transactions 

security guarantees cost something

why can't Shopify etc add chargeback protection to stablecoin purchases?

Mini apps will eat the internet | Latest drop: /clankermon | Building : /miniapps /large /fctrivia /flappycaster /jeeves /source @degentip @playsource /jump

stablecoins are a faster horse

it's sparkling fiat but it's still fiat

If I had asked people what they wanted, they would have said faster horses

We will see programmable charge backs 

This is good

Speed mostly. And I don't find banks to be very reliable sometimes; too many delays, barriers and hoops to jump through that I don't get with self-custody. I'm usually broke so accessing what little funds I have is important.

And finding the right payment app is always a pain with banks anyway. I can send USDC to any account without having to download cashappalvenzellesquaremo or whatever.

Idk a lot of people like stables. I find them better than bank money in a lot of cases.

Can I save 3% if I pay with $usdc? Who captures the surplus. 

(The more it consolidates in web2 the more we know the answer)

gonna be honest I dnt trust most merchants to ever pay in stables.

Not all merchants pay the fees, in truth.. sometimes they tack on fees when you want to use a card, etc.

Another factor, micro or frequent transactions do benefit from these rails which some may take advantage of.

Agree, however, that this isn't necessarily top of mind for most consumer.

the consumer does not want intermediaries is how I read it

reply guys

consumers in some retail instances that directly add the payment surcharge (say, 3.5% of paying by card at some establishments) will likely be happy to not have that fee in such cases

I can see some areas where consumers will appreciate

I can see some areas where consumers will appreciate

https://farcaster.xyz/eirrann.eth/0x67cdef6a