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If we don't start seeing real world DAP adoption and growth in legit crypto-payments soon - this all comes crashing down. My gut tells me the market will wait 4
by rrggrr 9y ago
If we don't start seeing real world DAP adoption and growth in legit crypto-payments soon - this all comes crashing down. My gut tells me the market will wait 4-8 months at best.
- icelancer 9y agoWe are seeing it. I pay for a ton of stuff on Newegg using BTC, and Bitpay is being adopted at a ton of places, particularly those that serve Wordpress-powered shops due to a simple plugin. Bitpay's switch to the payment protocol interface sucks, but it's workable enough and hackable if you know how to run a script. For everyone else, it's easier to use, so that's good in the long run. If you're expecting to go to Target or Walmart and see adoption before you declare it good, I don't know what to say. But cryptocurrency purchasing is rising on the Internet, and if the Lightning Network does half as much as they want to, then it's in really good shape.
- prostoalex 9y ago> I pay for a ton of stuff on Newegg using BTC Do you cover the transaction fee or does Newegg?
- icelancer 9y ago"I do," in that there's a fee for me but there's also obviously one from Bitpay that they are assessed as well. Some sites cover the tx fees or offer discounts, which are effectively the same thing, however.
- wellboy 9y agoBitcoin won't be the crypto payment method. It'll be the Crypto gold that keeps the market together. Another small and light coin will be the payment method and possibly replace bitcoin after a while.
- hylianwarrior 9y agoRaiBlocks is looking pretty good with its zero fees and sub-minute transaction times
- sanefive 9y agoRaiblocks and IOTA are the two to watch, yes.
- bitoneill 9y agoThere are concerns about IOTA: MIT Media Lab's concerns about the cryptocurrency IOTA https://news.ycombinator.com/item?id=15980675 https://news.ycombinator.com/item?id=15980675
- Blindedwino 9y agoIOTA is not made to be a currency to shop online or buy coffee, it's an IoT currency. Stop trying to shill what you've bought. It's also deeply flawed, centralized and its wallet is not user friendly.
- sanefive 9y agoBelieve it or not, I don't have IOTA nor XRB in my portfolio.
- deleted 9y ago[deleted]
- thefourthchime 9y agoI thought that at first blush, but they haven't figured out how to incentivize nodes or prevent spam. Pretty big issues IMO
- StavrosK 9y agoYes, and as much as I like the currency, the perpetual "they'll do it out of the goodness of their hearts" answer to "who will run a node with no incentive" isn't very convincing.
- thefourthchime 9y agoI think the biggest thing that needs to happen is Lightning Network. If it works like it should it'll be the end of slow transactions / high fees.
- Blindedwino 9y agoHaha, good one.
- AluminiumPoint 9y agoGood one? It works, made a purchase this weekend ($4 stickers), channel cost $2 to create with a segwit tx. From then I can send/receive transactions for 1 satoshi. LN is here. Watch it grow!
- ActsJuvenile 9y agoLoading and unloading Lightning channels creates separate transactions. Depending on how often an open channel is used, Lightning can increase the transaction load.
- gruez 9y agoneedlessly opening/closing channels also costs transaction fees, so as long as most users are rational, this wouldn't happen (too often).