4 ms·
Online, asking for $1 is asking for someone's credit card info.
by Retra 9y ago
Online, asking for $1 is asking for someone's credit card info.
- mirimir 9y agoRight, and Mirimir has no credit cards :( I used to argue for Bitcoin, but at $6K that's crazy. However, a EZPass-like token funded with cards, cryptocurrencies, money in the mail, etc. That would be cool.
- thisacctforreal 9y agoBeing pedantic; the fluctuation is what’s crazy, if they started at $6k it’d be no problem because you’d just think in terms of thousandths of BTC (or even satoshis) instead of whole coins.
- mirimir 9y agoThe problem is the transaction fees needed for timely confirmation.
- Cyphase 9y ago> I used to argue for Bitcoin, but at $6K that's crazy. Well, Bitcoin may not be good for micropayments, but that's not the reason; you don't have to have integer numbers of bitcoin, you can have 0.00016666 bitcoins (~$1 at $6k/BTC).
- hossbeast 9y agoLightning Network, coming soon to a blockchain near you.
- japano1se 9y agoReal Soon Now™. It's pretty much vaporware at this point.
- splintercell 9y agoWhat about Raiden (for Ethereum) though, it is already on the test network.
- mirimir 9y agoYes. But it's the transaction fees. Sorry to not make that clear.
- unreal37 9y agoWhat's the transaction fee on a Bitcoin transaction these days? Minimum $1.50? With a 15- or 30-minute delay on confirmations? Not for micro- nor instant-transactions.
- mirimir 9y agoYes, that was my issue. I normally set ~0.5 mBTC, but that's $3 now. That gives you an hour or less. At ~0.2 mBTC, it can take hours to confirm. However, for small payments, some accept with no confirmations, and just eat any loss.
- mathgenius 9y agoThis seems relevant: "Ripple, XRP and Micropayments", https://xrphodor.wordpress.com/2017/09/17/ripple-xrp-and-micropayments/ https://xrphodor.wordpress.com/2017/09/17/ripple-xrp-and-mic...