Comment · Tue, November 28, 2017 · Ceretropic & Nootropics Depot
Get bitcoin start paying for your nootropics with it. Your credit card/bank transfer payments are literally holding back the future of nootropics and making them more expensive for you.
Original post in this thread
dihard · 85 points
I'd like to make a proposal to this community to make a concerted effort to get some bitcoin and purchase all your nootropics with it.
#Why should we do this?
Many of you pay for your nootropics with credit cards or bank transfers because it's a bit more convenient, you already have it setup, and it seems like a benign way to pay. However, if you follow postings by some of our most reliable vendors you'll see they are really struggling and being held back and some in actual jeopardy because banks are clamping down on them imposing crazy limits/fees/disruptions/etc. But what I want to stress is that it's in your best interest to pay with bitcoin because paying with credit cards is holding back future nootropics and raising your prices.
Every credit card payment holds back new nootropics
The more income from credit cards the more the nootropic company is a slave to what the credit card company will allow them to sell. /u/MisterYouAreSoDumb has stated he has a whole line up of new nootropics ready to release but can't due to restrictions. If this community made a concerted effort to switch to bitcoin we would almost instantly see *a renaissance of next generation compou…
What they were answering
cdziak · 5 points
I use the altcoins, but the only drawback that arguably deters new users, is the amount of time it takes for the altcoins to credit to your wallet. A purchase on Coinbase usually takes several days before it hits your wallet. If this process was quicker, I'm sure more people would be paying with altcoins.
u/MisterYouAreSoDumb · Ceretropic & Nootropics Depot
That's because it has to go through the legacy money system. That system in inefficient, not crypto. It takes days for your money to actually get to Coinbase's bank. So they protect themselves by delaying it. Consumers might think their Visa transactions are instant, but that's just how it looks from the outside. It takes time for your money to actually get to the places you use your card at. It's just the vendors themselves take on the risk. Card processors actually treat your card processing limits as a line of credit, like a loan. That's because when they do settlements daily or weekly, they are taking the risk of that money later not being there.
This is why localbitcoins exists. Also, there are OTC trading desks that are really easy. The time limitations for buying crypto are not because of crypto, they are because of our inefficient fiat systems. If I wanted to just sell you some ETH on the street, we could do it in less than a minute. ETH block times are 24 seconds right now.