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    Author Topic: interesting article: Pay-to-use blockchains will never achieve mass adoption  (Read 370 times)
    larry_vw_1955 (OP)
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    September 28, 2023, 04:01:50 AM
     #21

    I've had this thought before. It's sad that none of blockchains in existence are free, you have to get their native blockchain currency to even use the platform.
    use the platform for what? to hope the native blockchain currency goes up in value? what else is it good for?  Shocked

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    If you already have funds in crypto, it's relatively smooth state of affairs but for those who don't — they have to get funds via on-ramp platforms and they require kyc, some people don't prefer to do kyc and would rather give up onboarding altogether.
    kyc is not even the worst of it. you have to worry about them "closing" your account and maybe freezing your funds. and it's not like the local bank where you can just sit down and talk to someone face to face.

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    There is another, if fiat to crypto is banned by the country, then you either use p2p platforms or give up. Do you realize how much of hassle this is just to use the blockchain? Most people don't realize how big of restriction this is because they already have funds in crypto.

    yeah i mean bitcoin seems like it is losing ground to things like fednow: who wants to go through all the above hassles when it's not necessary?

    FedNow’s legal terms contain a game changer for digital wallets and payment apps
    https://techcrunch.com/2023/09/26/fednows-legal-terms-contain-a-game-changer-for-digital-wallets-and-payment-apps/

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