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Comment by latchkey | Hacker News Reader

I'd prefer we just phase out MasterCard. I went to a restaurant the other day. QR code on the receipt. Scan that and it opens up Toast. Toast then connects to Apple Pay, which then connects to my credit card. No less than 3 middlemen to pay the restaurant, is absurd.

QRCode -> Wallet on my phone holding stablecoin on a L2 like polygon (which is collecting APY through DeFi) -> Restaurant

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While your point is valid regarding a crazy number of middlemen, I've also paid via the QR code on the receipt at a number of restaurants recently and I love it! No need to flag down a server when it's time to pay; I just scan it on my phone, click on apple pay, enter the tip, and I'm done!

Don't get me wrong, I love it too. I didn't suggest getting rid of the QR code, just the backend flow of middlemen taking fees from the restaurant.

I got downvoted, yet we end up with things like this:

https://twitter.com/postcultrev/status/1428584131835748359

Hello Strawman.

Does anyone actually pay the way you described? Honestly?

I either swipe my card or hand it to them to do it for me and call it a day.

I don't have to worry about some cryptojockey screwing up a DeFi contract scheme and all my money being stolen in a non-FDIC insured account. I have fraud protections against card theft.

It ain't perfect, but it's not the electronic equivalent of walking around with me lucky charms in my fanny pack, ripe for the mugging, either.

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