4 ms·

I disagree, there are many out there that are good at micro-transactions. My personal favorite example is: https://www.stellar.org/papers/stellar-consensus-pr

• PKop 7y ago
  Perhaps what is meant by "don't work" relates more to the value/price/volatility vs actual transaction functionality. What you describe above has to be weighed against loss of value for holding until accumulating enough to trade for $ no, as well as general fees associated with trading for $ generally? Else what really is the point, if maintaining the value transferred isn't possible?
  • anchpop 7y ago
    Stellar also supports the creation of stablecoins [1], which tend to have a consistent price relative to some other asset (Often USD). The way stellar works is pretty smart, if I have some currency on the stellar network and you only accept some other currency, it automatically looks for people willing to exchange them to find you a good rate. So even if few people use your favorite stablecoin you can still accept payments in it. [1]: https://cointelegraph.com/news/ibm-backs-new-us-dollar-pegged-stablecoin-that-runs-on-stellar-network https://cointelegraph.com/news/ibm-backs-new-us-dollar-pegge...