Comment on Why do some independent creators/small projects still have crypto donation links?
jecxjo@midwest.social 11 months ago
They are being treated just like every other method to send someone money. They aren’t using them as investment products, just transaction tools. I’m sure most are pulling the money out of the cryptocurrency as soon as they receive it.
ShunkW@lemmy.world 11 months ago
Yep it can still be converted to actual currency pretty easily and it will likely never be valueless completely. So why not?
ElectroVagrant@lemmy.world 11 months ago
My thinking was mainly that due to the values being volatile and the trend of people being encouraged to treat it as an investment instead of currency that it just wouldn’t see many donations anyway. On the rare occasion someone may have donated, it may be such a minimal amount that it may not even result in much of anything after whatever processing fees may be involved.
At least with more widely used currencies there’s the accepted use of them primarily as currencies and there may be fewer conversions/processing fees involved (albeit this may vary & I suppose this may be where crypto finds its space).
ShunkW@lemmy.world 11 months ago
You realize that every form of donation platform takes fees right?
ElectroVagrant@lemmy.world 11 months ago
Yes, but from my understanding, at least depending on the cryptocurrency involved, this can be either similar to those or worse at times. With the more popular cryptocurrencies in particular it seems to lean towards worse.