this post was submitted on 28 Nov 2023
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[–] TWeaK@lemm.ee -1 points 2 years ago

Bitcoin is objectively better based on the way it works. Subjectively, with the established infrastructure behind it, traditional card payments are artificially better - purely because of convenience. But on a level playing field bitcoin works better and is less susceptible to negative influences.

The grocery store is not typically an online transaction. I did specify online transactions. For buying groceries online, bitcoin would be better - there are no fees when trading bitcoin. When trading cash, there are no fees.

When putting cash into a business account, there are fees, and as almost all businesses put their money into an account they pay these fees. These cash deposit fees and card processing fees have grown in such a way as to entrap nearly all commercial transactions.

Objectively, it's better if there aren't fees, particularly when the fees are not proportional to the actual service the fees are supposed to represent.