2021.11.27 23:06 KFded More Info on AMP - 🚀🚀🚀🚀
This was posted from an Ape 4 months ago on SuperStonk.
Credits to u/bamfcoco1
Something many people do not know, GameStop currently (and for a while now) is accepting cryptocurrency for payment in stores. That's right - if you want to buy a PS5 (when in stock) with BeeTeaSea or D0G3 or a number of other cryptos, you can do it - today. Right now. I believe this puts GameStop at the leading edge of payment processing and is a great sign of their tech pivot.
GameStop partnered with the Flexa Network. For those unfamiliar, Flexa is a payment rail system that allows vendors to accept supported crypto currencies, instantly in real-time (no waiting for 30 minutes for the BeeTeaSea to settle) while the vendor can chose to receive their payment in crypto or in fiat. GameStop chose wisely BC (Before Cohen) to participate in their initial launch and I think this is going to end up being one of the few brilliant things that the guard took on. One HUGE benefit to Flexa is that their fees are a fraction of what the credit card processors charge, leading to more profit for GameStop.
This is a delicate line to walk to avoid appearing to shill, I am separating off the remainder of the post explaining how the tech works. If you care for the backend details, feel free to continue. My goal is to explain how the rail works and what happens to your crypto when you spend it at GamesStop. If you don't care about how it works you can stop reading here and just have your tits jacked that GameStop is leading the charge of the next generation of accepting payments!
Disclosure: I have a decent position in AMP (you'll learn a bit about it below)
Flexa is the payment network that is allowing GameStop to accept payments. It is its own payment rail and in no way utilizes traditional payment processing network. They have managed to create an environment that is fast, flexible, fraud-proof, and cheap. I will touch on each of these in a moment.
You might be thinking, "but how do I actually spend crypto at GameStop?"
Flexa is currently partnered with two wallets, SPEDN and Gemini Wallet. Downloading either of these apps and transferring crypto to the wallet will let you buy with Crypto. There are a handful of wallet support that is coming soon (BRD, CoinList, Coinme, Dharma, ShapeShift, Valora and ZenGo). They are also partnered with Shopify for online purchases. When you go to check out you open the wallet app, select a vendor, and select the crypto you'd like to pay in and it generates a one-time use barcode that GameStop currently scans as a gift card (this was to be able to get into stores quickly, but will eventually be a dedicated payment type in PoS systems just like Cash and Credit are today. GameStop scans your barcode, asks you for the pin displayed on your screen and the payment is done. Instantly. That simple.
In the background, here is whats happening.
(FAST) Flexa utilizes a collateral token called AMP. When a payment is processed, an equal value of AMP is pulled from the staking pool and set aside to collateralize that transaction. As far as the vendor is concerned, at that point, they are getting paid no matter what happens from here. You take your goods and go. Lets say you are paying in BeeTeaSea, traditionally if you wanted to pay someone in BeeTeaSea you would have to get their wallet ID, send the BeeTeaSea and wait upwards of 30 minutes for the transaction to settle before you could leave with your goods - not very plausible in a retail environment. With Flexa, the AMP that was set aside will remain until the transaction settles and then be returned to the staking pool. If for some reason the BeeTeaSea transfer were to fail (unlikely), the AMP will be liquidated to pay the vendor and the loss would be spread amongst the wallets in the staking pool, which may not even be felt by anyone since its spread so thin. To my knowledge, to date there have been no instances of AMP being burned to cover a transaction.
(FLEXIBLE) GameStop has the choice of receiving the crypto that was paid, USD or CAD on their end. Crypto payments are immediately available and fiat funds are available the next day - much faster than traditional payment networks.
(FRAUD-PROOF) Flexa eliminates chargebacks and unexpected reversals. Some scammers will come in and buy a shiny new console, go home and attempt to chargeback the transaction or claim that it wasn't them who made the purchase. Best case, GameStop wastes time and money fighting the chargeback, worst case they lose and are out their inventory. With chargebacks totaling $150 billion per year, often times on electronics, GameStop is protecting its gainz.
(CHEAP) Flexa charges on average 0.5% in processing fees. Compare this to the 2.53-3.45% (and set to increase in 2022) and its easy to see that the additional revenue they get to keep from payment processing costs alone will be huge.
Anyway, I wanted this to be less of an infomercial and more of an informative hype post and I hope it came across that way!
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2021.11.27 23:06 H00terTheOwl I'll give the Wolves this: Anthony Edwards is fun to watch
My stream just shat out, so I figured I'd post now instead of PostGame.
This wolves team is pretty brutal outside of their core 3. KAT is SAWFT and Russell may be hot right now right after he'll go cold as that ice in his veins.
Edwards looks like he's grown a couple inches since the draft last year, and his shot is coming along. Sure do wish the Wolves would Wolf, and give us Ant for Ben, but reality is never that crazy
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2021.11.27 23:06 comet_nds Anyone else sometimes tiptoe walk at home to pretend to have anthro legs?
2021.11.27 23:06 Walker_Blue I think I will name it “No Regrats”
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2021.11.27 23:06 PhenderMan Are we rapidly becoming “The Borg”?
I was just now playing a game on my phone and got thinking about how good I am at playing games on my phone vs playing typical computer or console games. I never played video games a lot growing up (not my choice) so a lot of the natural skill (I.e. “muscle memory”) gamers have just isn’t in me.
However, for ten years I’ve had my smart phone with me at almost all times. I have no doubt that there is a small but complex region of my brain associated with every specific skill I use when on my smart phone. I would compare it to the mapping of my body on my brain, but this is an external body part. It’s similar with a car or other objects we use regularly as a sort of body extension.
The level of smart phone use, however, lends a special status to it. It nearly shares a mind with us. Think of the times Google has predicted your question within the first two letters or Facebook has nudged you to look at something you wouldn’t have otherwise looked at. The “mind” of your phone is quite closely linked with your actual mind, bouncing signals off of each other.
When this influential apparatus is hooked to a network of other people sharing the same complex interactions between mind and computer, it starts to look more and more like a hive mind.
I’ve read about conspiracy theories concerning the internet having already sprouted AI and is manipulating us. This is NOT what I mean (though it’s not the craziest idea for the rise of the first AI for it to be an accident).
I’m thinking, as the title suggests, about whether we are in the early stages of a Borg-like hive mind. I think it’s difficult to argue against the idea that the World Wide Web has created AT LEAST a very rudimentary level of “intelligence” that is beyond normal collective human intelligence. When I say “intelligence” I do not mean awareness or any motives whatsoever. I’m thinking more like collective organisms like bees, ants, termites, or even slime molds.
submitted by PhenderMan to Futurism [link] [comments]
2021.11.27 23:06 coljavskiyi ✨ Metaverse Doge ✨ | The First Ever Defi Metaverse Doge | CERTIK audit DONE | Game P2E being developed | ⚡ Launching Now on BSC | Low market cap | Huge potential ✨
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2021.11.27 23:06 AleiusLestat Omaiga!
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2021.11.27 23:06 West_Cup_811 Ps3 game problem
2021.11.27 23:06 MrDugong666 Christmas rewards question
Does anyone know how to get the money off? it says I have the 200$ on my rewards app but everytime I go to use it, it doesn't come off on my shop, do I have to go through a main register or something instead of self serve? thanks!
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2021.11.27 23:06 themikeswitch Thrift store find - 50 cents
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2021.11.27 23:06 gallnyla GA glamping?
2021.11.27 23:06 tfs_Potatopie Ck one alternative
First, I'm a teen and I have yet to have a cologne. Today I went to a shop and smelled some colognes. I like phantom Paco rabanne but I really liked ck one. But I found out that it has very bad performance. What are some alternati es to the ck one. I want something that is low key but stays for a long time
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2021.11.27 23:06 cambeiu Defender estado de direito != ter pena de bandido.
Acho que no Brasil eh comum confundir as coisas ou assumir uma postura binaria sobre o tema.
Sou totalmente contra policia executar bandido, tortura, chacina, etc... Para mim o papel da policia eh interromper a execucao do crime e apreender o criminoso. Quem pune eh a corte e somente a corte.
O mesmo vale para o cidadao armado. O papel dele com a arma eh exclusivamente para a protecao da vida (dele e das pessoas em volta). Nao cabe a ninguem fora a corte punir.
Nesse incidente, achei a atitude do funcionario da loja totalmente justificada. Sacou arma dentro da loja, pode levar bala. Mas se fosse um furto por exemplo, ai minha posicao mudaria e jamais defenderia alguem dando tiro em um criminoso que nao esta colocando a vida de outra pessoa em risco. Trata-se de uma resposta completamente disproporcional e que banaliza e desbaseia o coneito de legitima defesa.
Acho tambem que partidos como o PSOL sao problematicos no outro extremo: Auto-defesa eh um conceito legitimo e moral. Cara sacou uma arma para mim (faca, revolver, cacete, o que seja) ai eu tenho todo o direito de me defender com todos os meios a minha disposicao e a minha respota, mesmo que fatal, eh legitima.
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2021.11.27 23:06 6or- does this look like its at 65? i don’t understand the colors. its dark brown
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2021.11.27 23:06 euphoriclimbo When watching The Return with my brother. PART 8 - S3E8 (His reaction to Señorita Dido)
He was so captivated and emotionally affected in a somewhat sad yet positive way by Señorita Dido and her entire scene. He couldn’t shake it. He said, “there’s something about her that I can’t explain or even fully understand, but she is essential in terms of worldly matters.”
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2021.11.27 23:06 schmupitup Phantasy Star Online Multiplayer Sega Dreamcast 480p VGA 11/11/21 Full Live Multiplayer Blast
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2021.11.27 23:06 CompetitiveCoyote998 Opps I'm not wearing any panties
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2021.11.27 23:06 Nickidubb1 Have we discovered this year's "Lit Duchene"?
2021.11.27 23:06 avc123wtf Anyone have the cg song from pad with the vid?
2021.11.27 23:06 iiTiGii [general] Just took a pic of one of my first fruits ever... I'm hooked. Burma Cubensis. <3
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2021.11.27 23:06 worldnewsbot Researchers have tried to study what makes one hug better: Hugs that last five or ten seconds are rated as more pleasurable than a single-second squeeze. And a ‘crisscross’ style in which each hugger places one arm over the other hugger’s shoulder is the preferred form of hugging, especially in men.
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2021.11.27 23:06 mrmoonjock Anybody got a “U” Unknown?
2021.11.27 23:06 Helpful_Astronaut_60 Lil Caesar’s assailant
I’m having a hard time finding the episode where they talk about the guy who got told that it would be 10 minutes for his pizza and he demanded free breadsticks then pulled up with the pole when he didnt get them. I would appreciate some help😅🤌🏽
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2021.11.27 23:06 Indurum I'm really new to crafting and this is the best thing I have been able to make. Is my only option left regular Exalt slam?
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2021.11.27 23:06 pieapplebomb ...And it's going to be Sylvie
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