CC

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Post is by: akfntm91 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1ofgyja/binance_staff_locked_my_rbinance_thread_for/ Hello. My thread on r/binance was just LOCKED by a Binance Staff Moderator (BinanceCSHelp) because they cannot answer my questions. They are silencing discussion. So I am bringing this here. ​I am one of the victims of the "Black Friday" event on Oct 10-11. My $19,000 was liquidated. ​Yes, I admit my own fault: **I did not use a stop-loss.** ​This post is **NOT** about getting my $19,000 back. In fact, **I don't even care about the extra $2,000 ($6,000 max) I was fighting for anymore.** ​This is about **Binance's systemic failure** and their **arrogant, non-transparent response** to the victims. ​The Oct 10 crash wasn't just volatility. News reports and analysts (like Wintermute's CEO) have alleged that Binance's infrastructure, especially its **abnormal ADL (auto-deleveraging) system**, failed under the load. This caused a cascade of liquidations that should not have happened. My own trades were always low leverage (never over 5x). My previous liquidations were my own fault. This one was different. ​Binance knows they are at fault. That's why they launched the "Together Initiative" ($4-$6,000). It's not "goodwill"; it's a "hush money" program to avoid accountability. ​I received $4,000. But as one user commented on my locked thread, they got **$0** despite also qualifying. It's completely arbitrary. ​For weeks, across 5+ hours of live chats, X (Twitter), and Reddit, I have asked two simple questions that Binance REFUSES to answer. ​My 5-hour chat (Cases 149802630 & CC8142784) ended with their Escalations Team ADMITTING they use secret formulas, telling me: "I cannot inform you on the formula used." ​My X (Twitter) thread was publicly dismissed. My Reddit thread was **LOCKED.** ​Here are the questions Binance is terrified of answering: ​1. **Will you admit your ADL system/servers failed on Oct 10?** (News reports say it did). 2. **What is the mathematical formula** for the "Together Initiative" payout? If you did nothing wrong, why is this formula a secret? Why are your answers just "macros"? 3. **Why did you LOCK my thread? Is Reddit not a place for discussion?** ​I am not fighting for myself anymore. This could be you next time. ​Some users who were liquidated have reportedly committed suicide. Are we just supposed to tell their families, "It's their fault for using leverage," when the *system* itself failed? ​This is a public interest warning. We should not be silent about corporate tyranny. ​Here is the FULL evidence gallery (my original email, all the damning chat logs, the X (Twitter) screenshots, and the locked Reddit thread): https://imgur.com/a/CILBey2 ​If I am wrong, I will apologize. But I demand a REAL answer from Binance, not another macro or a locked thread. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

GiovanniX30

HEGE is 18 months old. This is its third time showing up to R/CC, and it is arguably the most transparent and trustworthy meme coin project on Solana Its token distribution among its massive amount of holders makes it impossible to be a "rug-pull" During these tough times, the HEGE project actually worked hard and built an amazing foundation - the most complete one in the meme coin space Doing just a bit of research and reading what's literally in front of you would easily show you the legitimacy and transparency HEGE is about, but I guess throwing these wild assumptions is easier and more fun Best of luck lad! 🥂

wdy43di

I have never payed rent in cash.. Checks, CC, applications. There is always been a middle man, fees here and there.. processing fees.. fees from the land lord...

TexasBoyz-713

This is when r/CC is usually the most depressed

namieorange

20-23 September 2021 last days of the previous cycle crash. Look for the CC daily. Exclude the "Love, Eat, Live" moon farming comment Same exact feelings like today See what happened after

EuphoricParley

What about coinjoin and mixing and what about swaps on any wallet to a couple of other CC and then back to whatever you want? (Hypothetical, of course)

CoolJoeLiam

Well RH apparently thought it was worth announcing as a selling point of coming development in 2022... but you're right about their customer base. Advertising a BTC rewards CC on Robinhood seems like they don't know their target market. Sadly Gemini is no better. 3% on everything, immediate BTC purchase sounds great... but no cheap way to get off the exchange (Strike is the only exchange that shows the actual minor fees and gives time/cost options like a normal BTC wallet). I guess I've gotten spoiled and should not expect other exchanges to offer competitive options.

CoolJoeLiam

Yep, and moving it to Strike via LN allows for no fee transfers to cold wallets. I don't know why other exchanges don't compete with Kraken or Strike (or why people continue to pay high fees and spreads on subpar exchanges is the real puzzler). I'm interested in the Robinhood rewards card for another good way to invest in BTC, but at this point it's better to just work the normal CC rewards and put those buys through good exchanges.

harvested

Look at the daily thread in CC it's hilarious. They are all selling their bags.

riscten

That's **crazy** that they allowed that mark to be registered. But I'm not surprised, the workers in IP offices are largely incompetent. What needs to be done now is to file an invalidity action or ask for cancellation at the OEPM. This should've never gone through in the first place as bitboy's design is public domain under a CC license. The irony is that it's not even the first time this has happened in Spain: https://blog.bit2me.com/en/the-trademark-bitcoin-has-been-confirmed-as-public-domain-thanks-to-bit2mes-judicial-success/

cannedshrimp

Fees are actually less for BTC now that many merchants are charging CC fees (as they should). The real transaction fee is still outdated tax laws in the US...

hattz

Heh, I mean most of it is a new twist on you're the product. You look at some 'residential and phone IP VPN providers' and they say 'ips are ethically sourced' aka not malware infecting these phone and computers, nope, dumb shits installed our software so you can do CC fraud from their IP and they get .02 cents for it.

ThinCrusts

DROP EVERYTHING, MAX OUT YOUR CC, AND BUY BTC NOW. ^nfa

VoxImperii

Search around a little bit. It isn’t difficult to find at all, all over CT at the moment. And it isn’t the only one, there are more. I have no wishes to spoonfeed info to r/CC and get downvoted for it. Although if it’s out of skepticism because they think this is some stupid promo, that I understand. But it isn’t.

Fyve0nit

I got into CC in LATE 2013 by learning how to mine DOGE. I have my Josh Wise NASCAR and scars from DOGETIPBOT on this very site. But as someone who would hibernate through the "WINTER" after black swans like we saw last week...I rarely could ever keep up. A new bull run would fire off, I'd come back and not know shit about anything meta or even tech wise. I come back in 2017, people are buying cat jpegs, and tracking Mark Cuban..Gas is $400 and I have NO IDEA WTF IS GOING ON SO in 2022 I said not today, and I have stayed connected via this site, and X. I don't chase meta but I follow it. I know what projects stayed building during the "dead" era...And I know which ones will continue to do so now. But at the same time, I have finally advanced myself in the space by doing so too. In the deeps of 2024's crypto winter I launched my own NFT collection (Digital Art is my 9-5 so NFTs really got my attention) so I learned how to compile a generative collection and get it on chain. The support I received turned the project into my full focus outside of BORING art I do for a paycheck IRL. Humbled me more than anything to this day tbh. Now im building on it, and have advanced into writing smart contracts in RUST to grow it. I'm having a blast on my dev arc too. **TLDR;** A lot of good can come from the bad times if you put your energy into the right places during these times. You get to see which teams you believed in were actually working or just traveling to conferences and paying Market Makers...

Logical_Lemming

0xb317D2BC2D3d2Df5Fa441B5bAE0AB9d8b07283ae made the trades and then sent the proceeds to 0x4f9A37Bc2A4a2861682c0e9BE1F9417Df03CC27C where the USDC is still sitting.

No-Pepper6969

Look, I wanted to buy/mine some a $12 but said screw that, these fucking random number and walllet are too complicated and don't want to get scammed via paypal and get my credit card locked in. The only reason I'm in is because coinbase allowed CC buy in 2016 without being flagged as a criminal

kaliki07

You should always do the opposite of CC advice 😉

gerannamoe

Yeah I was delighted I could buy more. Yippee!! And I caved and just got the Coinbase CC

JG87919

Idk how that makes any sense. Why live off credit cards if you’re paying them off with cash anyways lmao. Just put the cash u need to live aside and put the rest into BTC. Then u don’t get any CC interest. That is crazy. Even if you pay the credit cards off before interest hits your just avoiding spending cash to just spend the same amount of cash in a round about way lmao.

crunchyeyeball

Yes, you were scammed. The domain was anonymously registered just a couple of months ago, and the website has more red flags than I can be bothered to list. In addition to whatever money you gave them, you also gave them everything they need to steal your identity, so they may also be taking out loans in your name. You also gave them direct access to your PC, so they may also have installed malware and additional remote access tools. In short, this is a bit of a mess. In your position, I would change *every* password, and reinstall the entire OS on that PC. I would also ask the credit card company / bank to flag my accounts as a "fraud risk" - I was a victim of identity theft years ago, after a theft of *physical* mail. Flagging your account just means they'll require extra checks before giving out a loan or CC in your name. In future, stick to the trusted platforms listed in the sidebar here or over on /r/BitcoinBeginners or you'll just get scammed again. Also, ignore DMs. Anyone offering to help with recovery is yet another scammer. Any advice they won't share publicly where it's open to scrutiny is bad advice.

fan_of_hakiksexydays

The comments and upvotes have me really worried now. When in doubt, inverse r/CC back to the drawing board.

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Sweet-Sort4887

This is very true. They shut everything down, your CC, banks, any business' bank accounts that you're associated with. Wildly Orwellian and Authoritative. They even took those actions if you handed out water to a trucker, or anyone who donated cash or payments through give send go type platforms.

northcasewhite

The best post on CC. Be positive. I am no longer rich but I have family and sports to play.

Kie_ra

Before dismissing this completely, let me give you an overview of how this works. If you still have doubts, I'll just fuck off and leave you in your bubble. I pay for everything using credit cards and BTC backed loans. I pay off the CC balance in full as soon as my monthly pay comes in to avoid interest charges. The rest is then split between more BTC DCA that's then sent to cold storage, and purchases of additional STRK shares, generating income and offering downside protection with decent upside potential and steady income that repays BTC loans. Liquadation risk is non-existent as I have stable employment, cash flow, and only a small portion of my stack is used as collateral. I sold my house pre-covid and fully intend to rent for the rest of my life, despite the investment growing so much I could now buy multiple RE. My NW continues skyrocketing and the introduction of STRK has made this strategy not only more effective, but also far safer compared to using MSTY for similar purpose. Basically, borrow and spend a depreciating currency while accumulating an appreciating asset, without ever having to sell or get taxed. No reason to hold any FIAT anymore.

Particular-Flow-2151

BTCI is up 60% this year with dividends included. Yeah you "limit" your upside, but you are still having great returns. That's why I said "BOTH" hold BTC for the growth, but right now there is no way to make income on that asset, you can't stake it. So the other option is to buy CC ETFs or buy the Spot ETF and sell options to make income while you hold the asset.

-Resident-One-

I'm pretty sure we already have one of those on CC, no?

Nats57

Wish I had an employer like that. Still job searching unfortunately but the Gemini CC has been great for me to use.

AlexandreSh1941

If you bought IBIT, ask your broker to enable options trading on your account. Once approved, consider selling LEAPS (long-term covered calls) for 2026 or 2027 to collect a substantial premium and lower your DCA (dollar-cost average). If your broker refuses to activate options, look for another one and request a transfer of your IBIT shares. For example, selling a covered call (CC) with a $90 strike for December 2027 could earn you a premium of around $1,600 per 100 shares. If you hold 1,800 shares of IBIT, that’s a total premium of $28,800. In the worst-case scenario, if your shares are called away, you’d sell them at $90 each for $162,000, plus the $28,800 premium — a total of $190,800. With Bitcoin, history shows that in the medium to long term, patience tends to pay off, just keep buying the dip.

harvested

There's a thread over at CC >If This Is the Bull Market, Then Altcoins Are Finished Holy shit.. It's like telling a room full of 23 year olds that Santa isn't real, half of them start crying and the other half are still trying to claim Santa is real.

brennfl81

The average person knows about Bitcoin and its adoption and legitimization is far far far greater and easy. The same is not true for coins only CC people know exist and for FartCoin2025Lulz and its shitcoin brethren.

LadyBird1281

Agreed but Bitcoin doesn't produce income. Maybe you're happy enough at your job or independently wealthy already, I don't know. I'm stock in a job I hate (for now) and diversify into dividend payers and CC funds. Once I can cover expenses, I'll quit. Not touching the BTC for as long as possible is the goal. Or finding low interest loans to borrow against it in the future.

SwimOld5053

This is your inverse r/CC signal indeed ;)

Hefty_Map3665

Most cards give a 2% cashback as a baseline with no hoops as I stated. Amazon credit card for example gives 5-6% cashback on anything you buy on Amazon which you can pretty much get most things you need there. If you go to Costco they have a CC for 4-5% back on gas There's other examples as well that dont require yearly fees. >What you're really not getting though, is I'm not paying any fees to buy or sell crypto. Except you are. Its called a spread and coinbase uses it. Just cause you see $0 on the fee line doesnt mean your not paying for it.

Hefty_Map3665

When normal CC you can get 2-3% cashback already without any hoops to jump through or subscription and even some as high as 4%-6% depending on categories, the difference is more like 1% cashback and you have to pay a $50/year sub.. So you have to spend a minimum of $450/month on the card just to break even because of the sub. Then every $100/month extra is like a $1/month profit. Keeping 200k on coinbase is not worth the risk of such small profits

dew1803

You can Store USD/USDC to increase your % and keep BTC in cold wallet. Use the free $500/mo trade to DCA and the CC to stack sats.

IvanTechnoOp

Why are you guys beating the dead horse of credit cards? Are you American or somethin? We here in the wider world don't have credit scores and use fast and feeless qr transfers, including when paying for coffee - yes, no fee, nada, total zero, you can put cash into one machine, transfer and exttract from another in a matter of seconds exactly, to a cent. Don't project your bad banking experience to everyone. Besides, even if finally settling even CC transaction can require days (actually even that is still optimistic since chargebacks are possible which is arguably still a feature) confirmation is usually instant (unless you're American and still use a vintage imprinter and mail the receipts somewhere at the end of the day)

Kie_ra

Literally just buy and hold BTC. That's it. If you want to play around, here's a copypaste of my comment posted elsewhere; >I pay for everything using credit cards and BTC backed loans. I pay off the CC balance in full as soon as my monthly pay comes in to avoid interest charges. The rest goes straight into more BTC DCA that's then sent to cold storage. Outside of my emergency fund, I have no cash anymore. >Some funds are used to purchase additional STRK shares, generating income. I experimented with MSTY but it's not as good for this purpose. STRK offers downside protection with some upside potential and steady income that repays BTC loans and the remainder is reinvested. >Liquadation risk is non-existent as I have stable employment and only a small portion of my stack is used as collateral. >After a few years of learning, nothing else makes sense to me anymore. I do not own any depreciating assets apart from my car or really anything that'd be taking money out of my pocket. I sold my house pre-covid and fully intend to rent for the rest of my life. The freedom this way of life provides is unbeatable and my NW continues skyrocketing while I travel the world. >Basically, borrow and spend a depreciating currency while accumulating an appreciating asset, without ever having to sell and get taxed. Way more efficient than the spend and replace strategy, just slightly more complex.

Hanzieoo

Prob at exchanges that accepts CC. Just be aware most exchanges hold the BTC for a week as CC transactions are reversible and they don't want to be stuck without the Korn and the transaction gets reversed. It's fine as long as you know.

East-Day-7888

A rising tide brings up all ships, most of us outside of CC dont believe btc has that power, at the same time btc goes up so does gold and every other reserve capital. Btc isnt God, it is just what cc is looking at with its limited view.

ValueScreener

Because you generally want to encourage spending of a currency. It’s what stimulates the economy. How do you encourage spending? Make money worth less tomorrow than it is today. If you believe the opposite, and you believe your $ will have more buying power tomorrow than it does today, why would you ever spend it? You’d only do it when absolutely necessary. If Bitcoin is an appreciating asset, people won’t use it as currency unless absolutely necessary. It’d be horrible for the economy. Can you buy things with Bitcoin, sure, but it’s not a currency. And practically no one is using Bitcoin to buy groceries. You can buy things with gold too, but why would you. Much easier to use fiat or even better, your CC.

East-Day-7888

Absolutely, given the fact you are on a CC form, its likely you are looking to purchase again, but maybe haven't yet. I am guessing a mild understanding that 99.99% of crypto is incapable garbage, and knowing we are likely edging to peak of store of value marketcap. Which means if you are scouting cc, you are looking to find something that pushes stronger into utility, which is why you checked the "Swift" post. I will also say looking at swift means you also largely do not understand the technology, as fintech portion of crypto is just a small section of the overall utility, which means its likely you have no idea what you are looking at or where to go to find out. So you went to reddit. What you dont realize is reddit is a terrible place for information, it promotes false but popular information which is why garbage like doge exists in the first place and why 8/10 of the top 10 crypto by marketcap are memecoins or store of value. I think there is also a knowledge gap on understanding 99% of today's articles are written by AI and AI is just scrubbing reddit and forms. Which means the echo chamber reverbs. I think you have no clue what you are doing. So you are here.

TheSearch4Knowledge

Thats Reg CC for ya.

northcasewhite

CC is mostly bullish. So I need to sell?

Objective-Rabbit2248

https://nasdaq420.io/ ETH: 0x615987d46003CC37387dBe544FF4F16FA1200077 SOL (Wormhole): GXUisEapYfHJe8oFoWSPPyiLSLYT6Em9iEeXTFxUHyUA NASDAQ420 / SPX6900 Pair on ETH: 0xdd6E1a4E35d307497DA8d5D4052173410951B3d5

greengarden420

This is a Reg CC hold from a bank and can be performed for various reasons. You opted for a system that’s over 100 years old when modern methods of transferring money exist and complain. The problem isn’t banking and it doesn’t mean the only solution is Bitcoin. Perhaps opt for methods that aren’t 100 years old if your desire is immediate funds transfer. Banks are operating completely under their regulatory obligations via Reg CC with checks and check holds.

Accomplished-Video71

Wellp, you're confused somewhere then. Because new accounts are the only reason that a 9 day hold is allowed under Regulation CC... and I don't think Chase is breaking the law. Is it actually a 7 day hold and you're just calling it 9 days?

Digital__Ghost

I am PRO BTC, but you seem a bit spoiled and entitled. My dad never once gave me such a large sum of money. Not sure why the size of his bank account needed to be mentioned. If you had any true financial sense you would have found a way already. Run up a credit card, and pay it off when the money shows in 9 days and avoid the fees. Ta da! No waiting and some extra CC points. That's just one method of many. If only people spent as much time considering solutions as they did complaining.....

Reasonable_Tea7628

Yup. Car prices of Toyota for an example https://www.sgcarmart.com/new-cars/listing/toyota This is just the right to own a vehicle that I was talking about..Separated into different CC by differentiating in their respective class https://www.motorist.sg/coe-results?srsltid=AfmBOopMc4olT-rjC_r6-I9yuYOZ18ReKL_6b7S04Nm0sfJTc4-X6-6Q

brockmann241

That is true. My bank denied my CC card purchase. They stated it gambling and BTC was like 3k a coin at the time, I am a little salty about it. My cousin burned out a laptop mining way back in the day ans was able to get a 25% of a bitcoin in month so worth it then.

SubstantialNinja

buying with a CC back then was a pain in the ass but possible. You had to buy second life linden dollars on Virwox and then trade for btc, losing like 10% by the time it was all said an done.

xaviemb

I attempted to buy a few hundred coins when it was under $10... but I couldn't figure out how to do it without directly linking my bank account to one of the exchanges... which, unfortunately, I felt was too risky. I couldn't find a way to buy BTC with a CC, which I felt was safer (as I could just open one and then just shut it off). I did spend about two days actively trying to get BTC, I'm sure if I had I would have sold it all for 500% profit and collected $1,000 on my $200 investment. That's what most did at the time. My time would have been far better served mining. At that time, you could reasonably expect to get 50 BTC from a block overnight using your laptop. I'm not salty... at all... live and learn.

SwimOld5053

Inverse r/CC. The most bullish thing reading the comments here is that now Cardano moon is basically back on the list. Thanks. Happened every cycle before after the downfall criticism

Kie_ra

I pay for everything using credit cards and BTC backed loans. I pay off the CC balance in full as soon as my monthly salary comes in to avoid interest charges. The rest goes straight into more BTC. Outside of my emergency fund, I have no cash anymore. Some funds are used to purchase additional STRK shares, generating income. I experimented with MSTY but it's not as good for this purpose. STRK offers downside protection with some upside potential and steady income that is then reinvested. Liquadation risk is non-existent as I have stable employment and only a small portion of my stack is used as collateral. After a few years of learning, nothing else makes sense to me anymore.

LankyRep7

The CC roll off his back in 7 years no matter what happens. he just needs cold storage.

WhyYesIAmADog

Is it me or did CC get rid of the daily user activity tracker that was on the right side?

CipherScarlatti

This is something that really needs to start being yelled about, if the credit cards and PayPal can dictate what VG's you buy and other control/censorship/nannying/moralizing issues, this is where crypto should really be pushed. Also, really emphasize the fact that the CC's make all their money from the transactions, so everybody would save money from dumping the CC system and move to crypto. No more $10 minimum purchases for CC's at small businesses and cash vs credit pricing.

SeverusSchnaps

Inverse CC! 

Informal-Ad220

I applied tonight. My limit is $16,000, though I do not see myself ever using that much. I haven't carried CC debt since the 1990s.

adiabatic_storm

Everyone starts at 2%, which is pretty good considering it's BTC and the average CC is either 1% cash back or 1x points on purchases that aren't in some special higher rewards category. After that you need $10K for 2.5%, $50K for 3.0%, and $200K for the full 4%. USDC counts towards the total. If these amounts seem high to any given person, then hey at least there's the 2% starting point, which is already pretty good. And of course if these amounts seem low, then that's obviously great as well.

WrenchmanFerritin

But /r/CC told me its a centralized scam???????

Digital_Scarcity

you won't get ledger praise from many including myself. Closed source tools. Dodgy companion app that just got hacked. Use any of the more open ones like Jade or CC

gkibbe

The inverse of CC would just be shorting bitcoin

Ok_Golf_6467

Average CC redditor: *sells good project that is at bear market pricing for random shit coin that does 200% in a day* Also average CC redditor: "Crypto is a scam. BTC only next time!"

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OpenRole

Are you a CC? Oh no, better consumer experience at the cost of business profit margins. Someone please think of the shareholders 😭😭

MariachiArchery

This is exactly why 'push' transactions are important. You *send* money, 'push', versus having money taken from you, 'pulled'. Right now, CC's use a pull type of transaction. You give up your details, and then the money is taken from your, without you really getting the opportunity to see who is pulling from your account. You'll get this information on your CC statement. Crypto currency flips this on its head. The sender is responsible for sending money, instead of the merchant being responsible for taking money. In this system, credit card skimmers wouldn't matter, because no mater what, they wouldn't be able to pull money from your account. Only *you* can push money out of your account.

etaoin314

I dont know enough about how the economy worked when gold was the dominant medium of exchange, but even then more gold could be mined, there was an ever increasing supply. Also for most of the history there was no "middle class" you were either a lord or peasant. Im not sure how useful a model those economies were relative to our own. Are you saying that banks will just lend in bitcoin in the future and that it will be fine? On this subreddit people say that 1btc or even 0.1 bitcoin (I noticed this shift over the past year) will be generational wealth in 20-30 years. Right now I would need \~3 bitcoin to buy a house in a decent neighborhood in my city. If I borrowed that today and spent it on a buying that house, I would have to pay back 3x generational wealth + interest. So lets say a modest 10x increase of bitcoin over 30 years, basically terribly bearish numbers according to this subreddit. that $330K loan would now be what \~$6million!? But If I sold that house in 30 years it would be worth 0.3 bitcoin. That seems like a terrible deal. What am I missing here? Im not sure what any of what I said has to do with the convenience of bitcoin, as I dont find fiat to be particularly limiting in that regard, venmo/CC work fine for my needs. Dont get me wrong, its cool that it can move and be settled quickly and cheaply, but honestly that has never been a problem in my life. Not being able to borrow to get a house though would have been terrible for me and my family. Maybe I am overthinking things, but I have a nagging sense that some of the tradeoffs are hard to reconcile.

ObviousTie4

It’s not a mistake here either. I think he meant to keep Gavin in TO. Today Gavin would have been in CC and the DL in to. But he probably wrote to multiple people and chose to not reveal the recipients

agnas

Maybe, I don't know. But I've been using mail clients since 1978 (Unix BSD V6), and everyone has always been tagged in the correct send category: TO, CC, and BCC.

opensandshuts

We know it's "usable" otherwise it wouldn't exist. I was just replying to your comment that "people aren't scaled to take control of their own finances". It's not that, it's just that there's not enough guardrails in place for it to be a usable system for your average consumer. The difference between paying with your CC and spending bank cash later is that if someone screws you over and doesn't send you what you paid $500 for, or you accidentally send your CC payment to the wrong company, the bank/issuer will reimburse you or make it right by recovering the funds from the unintended recipient. As it stands today, if you make a crypto payment to buy something for $500 and the company just never sends you anything or you send payment to the wrong person, you're 100% SOL if it went to the wrong person, and if they didn't send you anything - MAYBE you can file a lawsuit that takes 6-12 months (if there's a solid purchase contract specifically calling out crypto addresses, method, dates, etc.). Otherwise you just lost $500 + lawyer fees and a ton of time. That's why I don't think the industry is ready for mainstream adoption.

liquid_at

As a payment it is already usable, just not very comfortable. But it does not really matter if you pay with your CC and spend bank account money later to fix that bill or if you send crypto and then use bank account money to fix that balance again. Adoption and comfort of use are still better with tradfi. Crypto is already faster and cheaper, the insurance-aspect of centralized services makes tradFi a tiny bit safer though. at least as of today. But there are always risks. Question is only which ones matter most for you. If you are a critical journalist in a country with a government that is unstable or already compromised, crypto might even be safer than a bank account for you.

JorgeliecerP

I’d prefer Gemini CC, no subscription, insta rewards and no need to hold money on the exchange

Annual_Juggernaut_47

This is the most bearish place on the internet. The pump IS inverse CC.

Hot_Philosopher3199

Yeah. The plan is to sell 15 Delta CC's. The reason for the switch was a near-miss fire at my house while on vacation. Even though I would have been protected with backups, I got real uneasy about self custody. Back when I bought it, self custody was the only safe option. Today is different.

Any_Context1

I had the Gemini CC years ago. It was great until it stopped giving rewards. IDK what happened, but at some point all of my rewards started getting reversed, even though my charges were legitimate. So I stopped using the card. (I complained and got nowhere with their shitty customer service.) I tried the card again about a year later and the same thing happened. Not worth my time. 

Oxygen_bandit

This is r/CC, so all you're going to get is Btc and Eth shilling.

jawni

Judging by these comments, the inverse CC indicator is giving a screaming buy signal.

Smile_lifeisgood

Try not to understand not everyone is a True Believer Challenge: Difficulty Level - r/CC Seriously. I'm only here to make money. Enjoy your righteous Libertarian Religious screeds but accept not all of us are in The Cult.

Illustrious-Lime-878

Everything you can should be paid with a credit card, then you get about 2-6 weeks of free interest before you have to pay. For the actual CC bill and other bills look into a brokerage account with margin. I use Fidelity and just spend from my brokerage account like a bank account. I never hold cash it just charges my margin. Every few months I sell some stock if the dividends don't cover the withdraws. You could do the same thing with a bitcoin ETF. Exchanges may offer something similar as well, not sure. I don't even hardly use a bank account anymore. I just have a backup one with a few grand inflating away in case I ever needed a real bank for some reason.

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pullupman

"40% yields on some funds," I beg you and I implore you to PLEASE look deeper into this. I'm presuming you are talking about high Yield CC ETFs... Capped upside and all the down side... Brother the only way these will work is if you reinvest almost all of it back into the ETF to continue averaging down as the nav erodes... Yes even MSTY will and is seeing nav erosion now. All of them will. Also none of these High Yield CC ETFs from Yield Max have exists in a real bear market... I went down this path. I very quickly realized that all the taxes I was paying on the yield combined with the nav erosions was killing me. I abruptly ended that experiment and bought more Bitcoin and left some in Treasuries to live on for a year. I will be drawing down from Bitcoin as needed in bull runs to live.. and I'll be borrowing against it in bear markets to live. I do not have children so there is no legacy or benefit to me holding Bitcoin forever...

williaminla

At least you read it. Seems like 80% of r/CC users don’t know how to read and just like to talk

77sleeper

I don't all my bills go on one CC, I pay off every payday. Living expenses on my gemini card, paid off every payday. I have $1500 cash in my house that is never used, and leave 150 in my checking for cash only stuff. All else is invested.

One-Respond6191

Peer-to-Peer (P2P) Marketplaces Bisq: open-source desktop app, totally decentralized. Trades settle on-chain with multisig escrow. Slower but very sovereign. RoboSats: Lightning-only, Tor-based, one-time robot avatars. Fast and simple for smaller buys. HodlHodl: P2P with multisig contracts. Web interface, no custody, non-KYC. Acquisition: RoboSats (small), HodlHodl (medium), Bisq/cash (large). Hot wallet: Phoenix (best balance) or Muun (easier but less sovereign). Desktop HQ: Sparrow (coin control, UTXO hygiene, multisig, node connection). Cold storage: Coldcard (deep vault, air-gapped, Bitcoin-only). This stack gives you maximum sovereignty + optionality. Your hot wallet is for spending, Sparrow is your coordinator, and Coldcard is your deep savings. All acquired non-KYC and no surveillance strings attached. [file:///var/mobile/Library/SMS/Attachments/56/06/025B4CC1-CCDB-4319-8E83-05288F434C73/FILE_3000.pdf](https://file:///var/mobile/Library/SMS/Attachments/56/06/025B4CC1-CCDB-4319-8E83-05288F434C73/FILE_3000.pdf)

jawni

It's not bots, it's just the format of Reddit forcing out anyone with opinions that differ from the popular consensus. Reddit is literally a popularity contest. It's not a mystery why this sub's favorite projects barely ever changed, nor is it a mystery why this sub's most hated projects never change. Existing people in the sub just see their opinions reinforced and new people to the sub see everything through the lens of the bias and either fall in line or go elsewhere. Popularity(upvotes) decides what the sub gets to see and discuss, so it discourages any discourse outside of that. Why would anyone who is bearish on a r/CC favored project want to participate in any discussion when they're just going to be downvoted to oblivion regardless of the merit of their comment? And why would anyone bullish on something the sub doesn't care about want to participate when they're just going to be ignored or downvoted? >A good example is whenever there is a different opinion put forth, it's met with this hostile "your wrong" or "you are an idiot" like everyone here is some expert. You ever wonder why X and Reddit are so different when it comes to crypto? You ever wonder why X has a lot of people talking about HYPE and why it never gets mentioned here? You ever wonder why people on X hardly mention Cardano and in here it's the most popular altcoin besides ETH? On X, reputation and expertise matters, and there are actually people with good reputations and expertise. *All* the most important people in the crypto industry are on X, *none* of them are on Reddit. So while there is definitely more noise on X, there is also stronger signal. 1000 upvotes on a bullish reddit post about XYZ doesn't mean as much as one respected person, who is unaffiliated with XYZ, saying they are impressed by something XYZ is doing. And sadly, even a meta-discussion like this has only gotten you low-effort replies as well. You ask why discussion is so impossible, and get replies that basically highlight the problem you're trying to discuss. Kinda ironic. tldr: reddit's format makes subs turn into echo chambers because the quantity of participation overrides the quality of participation

Training-Fig4889

Wait for reputable multi sig cold storage lending or retire now and spend your bitcoin. You could sell MSTR or IBIT CC’s if it suits you

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iwantagrinder

Credit scores will become less and less meaningful with data on-chain when you can verify all of the transactions made to pay your bills. Fuck Equifax. Flexa stated long ago they built a solution after merchants told them what they wanted built. Value prop for merchants is the money saved on CC processing fees (3%+), they're doing that with the 1% transaction fees. The merchants can then offer to pass that savings onto the customer or give them extra "frequent flyer miles" when paying with Flexa. You're too narrowly focused on the consumer having free will, Flexa will handle so much in the background that the consumer never sees and will not be able to influence - like tokenizing reward programs.

TheFudge

Have to convert back to fiat when you need cash. If there is not BTC payment option that’s the only option. Maybe a BTC CC but if it’s a cash only type of payment no way around that.

ieatvegans

And I, for one, welcome our new ETH overlords.  I'd like to remind them as a trusted CC personality, I can be helpful in rounding up BTC bulls, to convert them to Ethereum. 

SunTzuFiveFiveSix

Ramsey is exactly what financially illiterate and irresponsible people need. Which is most people. So he’s doing a good deed for her intended demographic. Intermediate/advanced investors and BTC lovers understand that when you borrow USD and that fiat loses value, your debt is reduced. That’s how a generation of boomers became inadvertently rich. The borrowed $500k to buy a home. Over the course of a couple decade inflation eroded their debt to only be worth $250k (in terms of purchasing power). Meant while they were invested in scare resources like stocks and their home that outpaced inflation. That said. Many are struggling to pay off CC debt from lattes and vacations so I would suggest those people read Ramsay. I wouldn’t even mention BTC or try to explain fiat vs scarce assets to them.

namieorange

Sir this is the CC daily, not the Bitcoin one. Allow us to freely express our sorrows

ImmediateShape4204

DOGE and ADA look both primed for a run. Read a thread on CC recently talking about an article on how memes were out of favor, etc. It was my trigger, bought a lot of DOGE that day. Paying off so far.

MATHP17

Wow If it’s not IP it’s not worth your money! $ZEUS #CC8 @zeuscoineth_