4 ms·
Existing financial infrastructure isn't very conducive to micropayments...? So rather than trying to hack a solution using existing infrastucture, blockchains
by beambot 9y ago
Existing financial infrastructure isn't very conducive to micropayments...? So rather than trying to hack a solution using existing infrastucture, blockchains (filecoin) provide a tailor-made solution to this problem.
- rficcaglia 9y agoApple (PayPal) would disagree.
- beambot 9y agoThe merchant on a sub-$1.00 transaction would disagree -- after Apple & PayPal extracted their fees (esp. if transaction used CreditCard).
- rficcaglia 9y agothey batch their transactions. not hypothetical... i ran merchant gateways for many of them
- rrecuero 9y agoActually, check what the former COO of Paypal said here about blockchains https://cointelegraph.com/news/paypal-ex-coo-bitcoin-crypto-fulfilling-our-original-vision https://cointelegraph.com/news/paypal-ex-coo-bitcoin-crypto-...
- rficcaglia 9y agoas i read it, his point is about centralization, not micro payments blockchain - decentralized (.)payments paypal, many others - centralized (.)payments nothing disruptively new here re: payment part, just the decntralized part