1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (3671) ·
Interesting critique on Money Button's 30% sales tax re: 'paymail trading'.
I hope that as a Twetcher, I don't need to explain that I am not insulting Ryan's business methods (neither is Ed).
- Just opening a discussion.
https://youtu.be/ukeS4oquMKc
Replies
1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (520) ·
if you buy a paymail for a dollar... why do I care where 30 cents goes? Either its worth a dollar for you to have it or not.
1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (3671) ·
If I sell a Paymail for 1.0 BSV... I care that I receive my set sale price, not 0.7 BSV. It's worth the amount the seller determines, and as something the seller owns, why should such a large percentage go towards a third party?
1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (520) ·
Don't look a gift horse in the mouth. Moneybutton thankfully invented a system that you can profit off of. Congratulations.
1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (3671) ·
Certainly, perhaps this fairly high percentage is only temporary as the platform develops past these early stages?
Thanks for your input.
1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (520) ·
Start a business that copies them and charge 20 percent... compete if you see market opportunity. Complaining is what my ex-wife did.
1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (3671) ·
I don't see anyone complaining Darren.
There a many businesses copying this strategy as it is, competition is incredibly necessary for growth in our already rapidly expanding community.
1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (520) ·
Cool... I'm sorry for speaking bluntly off the cuff. I do think that competition will bring pricing to fair value. Moneybutton is first to market with the paymail protocol monetization. We'll see if they get any competition.
1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (3671) ·
I'm sure we will see this moving forward, very exciting times ahead!
1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (6516) ·
It's an interesting balance as your initial paymail is $1, basically free. But when you make money on speculation, they do too. It's a win-win business model, compared with charging a large upfront fee to everyone.
1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (271) ·
Not interesting in the slightest. Money Button can charge 99% fee if they want. This is socialist crap. Money Button have worked hard to make a great tool that increases the value of BSV.
I am very happy Money Button are able to monetize their service.
1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (3065) ·
Speaking of used cars -- nobody complains in California for state taking 10% of the price of the used car as a sales tax.