Content
@
https://warpcast.com/~/channel/bcard
0 reply
0 recast
0 reaction
@
0 reply
0 recast
0 reaction
smokingfrog
@smokingfrog.eth
I guess I don’t understand the benefits of using the card honestly— If I already get cash back off my current card and it’s higher than 1-2% if I’m already all in on crypto and my communities is there a higher incentive for early adopters?
0 reply
0 recast
0 reaction
@
0 reply
0 recast
0 reaction
smokingfrog
@smokingfrog.eth
I appreciate the thoughtful response, it’s definitely something to think about but at the same time, especially on the consumer adoption front, it’s difficult to say overall we get full transparency from crypto projects and therefore it would still strike me as extremely risky and again, as someone’s that all in on crypto, I would find it difficult to actually keep track of the value that 1-2% would be driving at, just personally speaking Usually I redirect my 3-5% cash back towards paying my balance, so I don’t have to convert assets onchain ➡️ offchain I still like the idea, but as someone else mentioned… if we’re being locked into one DAO… that’s a lot of skin in the game and a ding to your credit report just opening the card, personally would be a drawback for me as well… considering I wouldn’t know how much I plan to use the card
1 reply
0 recast
0 reaction
links 🏴
@links
Thanks for the POV - would love to learn more. What are you worried about in terms of risk? BCard never custodies funds, they are held at a FDIC-insured bank, but something tells me this isn’t what you’re talking about. In terms of moving assets:we are fiat-load, fiat-spend, so not a lot of asset conversion. Only rewards are crypto tokens. Just FYI there is no credit check (it’s a debit card), and you can switch communities literally any time - I attached a pic of the community select screen. Super open to feedback! I respect your POV just looking to learn more
1 reply
0 recast
0 reaction
