"We considered accepting bitcoin" Fmr CEO of Hardee's and Carl's Jr
Andy Puzder and I caught up at Freedom Fest this year. He is the former CEO of Hardee's and Carl's Jr. We talked about the changing job landscape with increased automation, and I asked him whether he had ever considered accepting bitcoin when he was the CEO of Hardee's and Carl's Jr. He discussed the barriers to entry that many businesses face accepting cryptocurrency.
The transaction fees are indeed high on Bitcoin (Core) however extremely low on Bitcoin (Cash). Get on the cash baby ;)
they are significantly lower on BCH indeed
Top-notch interview, Sky...
You've definitely got what it takes - and then some...
Don't stop till you get enough! :-)
I really appreciate your kind words :)
Why didn't you correct him when he said the tx fees are high in Bitcoin? I recently moved btc with a tx fee of $0.06 and that was on legacy, not SegWit. Or mention the lightning network in regard to even lower fees or specifically for micro payments? Still appreciate your Bitcoin advocacy!
Actually the time he was talking about, that's pretty spot on. Mid 2017 average btc transaction fee was $5, end 2017 average btc transaction fee was $55 https://bitinfocharts.com/comparison/bitcoin-transactionfees.html
I'm excited by lightening network, but it doesn't work yet, so would have been no help to his companies
My apologies. Was thinking the interview was recent. Thanks for your reply and clearing that up! Hope you do more quiz shows, they're fun and informative!
Interview was recent :) But in the interview he was talking about considering it while he was CEO, but he's not longer CEO of those companies. Sorry for any confusion!