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> Why can't people just build products and ask for money upfront? Asking for money is such an huge entry barrier. Even if it would only cost one cent, it would
by z3t4 10y ago
> Why can't people just build products and ask for money upfront?
Asking for money is such an huge entry barrier. Even if it would only cost one cent, it would still stop 99.99% of the users from using it.
I was kinda hoping for Bitcoin to fix this. But now it already cost a lot to make a transaction, and you can't instantly verify the payment. Paper money was a huge step, electronic payment was another huge step, lets take the next step!
- tommorris 10y agoBitcoin doesn't solve the problem, because you then still need to solve the "how do you convince people to buy the Bitcoins when they can just use a credit/debit card" (you can get pre-paid MasterCards in convenience stores across the world) and the "how do you actually get people to buy the Bitcoins" problem - the answer to the latter currently seems to be (a) buying it off some slightly disreputable website that you find by asking on Reddit, or (b) localbitcoins, where you agree to meet some random person in a car park or shopping centre and exchange cash for BTC. Not shady at all. Bitcoin and cryptocurrency literally solves nothing in the app payment use case.