reply on: Fold: First Announces a Credit Card and Now They Debut on The Nasdaq Tomorrow \ stacker news ~bitcoin

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23 sats \ 5 replies \ @Cje95 OP 19 Feb \ parent \ on: Fold: First Announces a Credit Card and Now They Debut on The Nasdaq Tomorrow bitcoin

Months ago I bought 21 shares lol I figured it was fitting! This was back when it was close to $10.50 a share so I have been in the green for a bit haha! I have seen some people who seem to be pushing back against Fold and I am not sure why because they do so much good compared to Coinbase and others.

104 sats \ 4 replies \ @Undisciplined 19 Feb

I think the pushback is based on this being a way to stay on fiat.

For example, when I bought my Bitaxe, I could have paid with bitcoin or I could have used a Fold gift card w/ a big % back. I used the gift card. Further, I chose the bitaxe over other mining devices, because of that Fold discount.

41 sats \ 3 replies \ @Cje95 OP 19 Feb

That makes sense I have just been trying to wrap my head around why we wouldnt want more people onboarded ya know. It isnt an easy transition so any help I would chalk up to being good help

28 sats \ 0 replies \ @fiatbad 19 Feb

I started replying to this, but it got long and I decided to make a new post out of it instead: #890168

0 sats \ 1 reply \ @Undisciplined 19 Feb

I think of there being different categories: onramps that help you get into bitcon and offramps that help you get off of fiat.

Fold is one of the best onramps in the world, but it's not an offramp (yet).

39 sats \ 0 replies \ @Cje95 OP 19 Feb

I kinda see them being an offramp with how you can "push" your purchased BTC into your cash balance but for the most part yeah it doesnt really go back to fiat