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Because it covers the use cases of cash but for online. Sometimes you're willing to have no safety guarantees but also not have to deal with paypal etc. Send a
by jimmaswell 7y ago
Because it covers the use cases of cash but for online. Sometimes you're willing to have no safety guarantees but also not have to deal with paypal etc. Send a small tip to a content creator, pay content creators in small amounts in a patreon-like setting without having to deal with rules against content payment processors don't like (I saw recently this was being launched but I forget the name), lots of use cases.
- chx 7y agoI really need to call out crypto shill when I see it. As it stands, bitcoin is utterly unusable for micropayments, the transaction fees are way too high for that. There has been attempts at creating micropayment services on top, these all have failed to gain traction. I still maintain as I did several times here in the past: bitcoin (and in general, crypto"currencies" because they are not currencies) are a scam, a new kind of scam for sure but a scam nonetheless. There are simply no (legit) use cases.
- xur17 7y ago> There has been attempts at creating micropayment services on top, these all have failed to gain traction. I'd argue that Bitcoin's lightning network is gaining traction, and it accomplishes a lot of what you are asking for.
- jimmaswell 7y agoBitcoin isn't the only crypto. Dogecoin is great for microtransactions.
- andirk 7y agoI pay all my dogs in Doge