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diff --git a/content/entry/merchants-should-stop-accepting-cryptocurrency.md b/content/entry/merchants-should-stop-accepting-cryptocurrency.md index 22ccb94..4104b10 100644 --- a/content/entry/merchants-should-stop-accepting-cryptocurrency.md +++ b/content/entry/merchants-should-stop-accepting-cryptocurrency.md @@ -19,7 +19,7 @@ By accepting digital tulips as payment and advertising it, you're warding off sa ## Privacy If it's customer privacy you're worried about, you should know almost all digital tulip schemes have a fully transparent blockchain. Despite the false advertising, this effectively makes the transactions less private than if your customers simply used a regular credit card. With a transparent blockchain, anyone with an internet connection can view every transaction. There are firms whose business model is to deanonymize public blockchains. Even Monero, a supposedly private blockchain, suffers from [statistical deanonymization vulnerabilities](https://ccs.getmonero.org/proposals/Rucknium-OSPEAD-Fortifying-Monero-Against-Statistical-Attack.html). -Consumer privacy is important. Customers can purchase an anonymous prepaid card in store or you can accept cash by mail, but both options are pretty inconvenient for consumers. Hopefully in the future something like [GNU Taler](https://taler.net) will fill the need for a convenient privacy-friendly digital payment system. Clearly, environmentally catastrophic digital ponzi schemes cannot be the final answer. +Consumer privacy is important. Customers can purchase an anonymous prepaid card in store or you can accept cash by mail, but both options are pretty inconvenient for consumers. Hopefully in the future something like [GNU Taler](https://taler.net/en/) will fill the need for a convenient privacy-friendly digital payment system. Clearly, environmentally catastrophic digital ponzi schemes cannot be the final answer. ## Respectability After digital tulips finally crash and burn and thousands of people lose their life savings, you'll be able to say you steered clear of the whole mess. In the future, that might even be something to brag about, that one's business didn't get involved in digital tulips. @@ -27,7 +27,7 @@ After digital tulips finally crash and burn and thousands of people lose their l ## Legitimacy By accepting digital tulips as a merchant, you legitimize them as a form of payment in the minds of consumers, further perpetuating the ponzi. This is why I made the decision not to accept digital tulips as a donation method even though there's no risk on my side of the transaction. -For a time, I considered accepting Ethereum only after its [proof of stake upgrade](https://ethereum.org/en/upgrades/merge/) since it would no longer be harming the environment so much. Then I decided even that was too much involvement with digital tulips. Consumers may first buy Bitcoin, then convert it to Ethereum for the purposes of making transactions. This would nullify the environmental benefits of Ethereum's upgrade. Better to stay out of the ponzi entirely. +For a time, I considered accepting Ethereum only after its [proof of stake upgrade](https://ethereum.org/en/roadmap/merge/) since it would no longer be harming the environment so much. Then I decided even that was too much involvement with digital tulips. Consumers may first buy Bitcoin, then convert it to Ethereum for the purposes of making transactions. This would nullify the environmental benefits of Ethereum's upgrade. Better to stay out of the ponzi entirely. ## Conclusion I hope business owners will make the same decision I have and reject digital tulips as a form of payment. |