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RE: Lolli Meetup in LA - Tomorrow, Sat Feb 15th | Come have a drink with me 🍸
Re: Lolli - how do you feel about them having the power to track what you spend and where, and then what bitcoin wallets the rewards go to? Also, do you happen know if they sell this data? I could see this market growing in the future.
Seems like a decent hit on privacy, but one many likely won't care about for the BTC rebate a'la the old school Inbox Dollars.
Have fun at the meetup.
I think that what we buy online is already monitored and the data sold. Buying online with a credit card sort of is already giving up privacy in a big way, so I don’t think that earning crypto on top of that is giving up anything additional. While transferring to a wallet of course then is traceable and attached to your name, so is buying from most exchanges. I do use a separate wallet for the BTC I’ve earned though, just because I use a few to keep things separate etc.
I would say for those that are more worried about privacy then something like fold app could be good. You can buy gift cards anon and earn btc off that.. it’s just not as user friendly.
They do not store the data though, from my understanding.