Why don't MyLot use Bitcoin/ETH to pay the users? / myLot

June 2, 2019 5:29am CST

As the world is slowly moving towards the digital and decentralized economy, I think MyLot should also start having Bitcoin/ETH as a payment method. It is easy and convenient! How many of you are willing to get paid in cryptos? Give a shout below! p.s: It's just a discussion and not a change request. Please don't be rude, seniors!

6 people like this

8 responses

Just an Ordinary Owl?

@owlwings (43910)

• Cambridge, England

2 Jun 19

Probably mostly because myLot receives its revenue in US dollars and pays it users in US dollars using an established and trustworthy payment provider (PayPal). I don't happen to use US dollars in my country but PayPal are happy to do the conversion for me without any hassle (though at a slight cost), so I see no need to use anything else. No doubt, if the common currency in the US were cowrie shells or six foot discs of tufa, there'd be a problem. I don't see any need to have another (rather unstable) currency which has only a virtual existence.

2 people like this

Mrki Krki

@mrki444 (15149)

• Croatia (Hrvatska)

2 Jun 19

Not me. Why? Today I got 5$ in some crypto and tomorrow is value 3$.

1 person likes this

Avik Ranjan Das

@Avikrdas (51)

•

2 Jun 19

You are only looking at the flip-side! It also may happen that the value of $5 becomes $10 on the next day as well!

1 person likes this

@mrki444 (15149)

• Croatia (Hrvatska)

2 Jun 19

@Avikrdas True but that not stabile valur is biggest problem for me. Also is hard to get cash from crypto.

Avik Ranjan Das

@Avikrdas (51)

•

2 Jun 19

@mrki444 Stable value - Yes it is a problem in crypto world! Cash from crypto - Buttery smooth!

1 person likes this

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AKRao24

@AKRao24 (27424)

• India

2 Jun 19

Can you give one reason what is wrong with the present payment system, which calls the site to adopt to pay in Bit coin?

Avik Ranjan Das

@Avikrdas (51)

•

2 Jun 19

Nothing is wrong in the present system and I am not suggesting to make any change in that! Just trying to understand what other people think about this idea!

1 person likes this

Avik Ranjan Das

@Avikrdas (51)

•

2 Jun 19

@AKRao24 The crypto market valuation is 276 billion USD right at this moment and these numbers are not imaginary!

1 person likes this

AKRao24

@AKRao24 (27424)

• India

2 Jun 19

@Avikrdas , Ha Ha Ha....I understand that who backs or guarantees your investment? Why there are so many hackers in the market who have screwed up the system? Why so many sites closed over the nights and what people could do to get the money back?