Post
Topic
Board Economics
Re: Energy Consumption of the Bitcoin Network
by
halfawake
on 09/07/2014, 03:38:29 UTC
I really don't see credit card processors using crypto currencies ever. Bitcoin was designed to make it cheaper then using something like a credit card. If someone were to use a credit card to transact with bitcoin then they would lose the advantages of using bitcoin in the first place.

They might, if we ever get to the point (many years into the future) where fiat becomes obsolete.  The advantage of credit cards is, at least in part, for people living paycheck to paycheck, they can spend money that they don't have yet and pay the bill later when they've been paid.  But I agree with your overall point, it does seem rather counter-intuitive that someone would use both a credit card and bitcoins at the same time.  Debit cards would make more sense, though.