Decius comments on Bitcoins are not digital greenbacks - Less Wrong

6 Post author: lsparrish 19 April 2013 06:13PM

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Comment author: Decius 23 April 2013 07:13:16AM 1 point [-]

Given that credit card companies are already cutting their effective margins (by offering a percentage of purchases as cash back to their customers, for the most direct example) to be competitive with each other, how much do you think they could afford to cut for a system that doesn't have centralized costs to subsidize?