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The question you have could easy be answer by yourself if you just go to the official page and read for 5 minutes what they are doing and how. Coil primary use

by noxer 5y ago

The question you have could easy be answer by yourself if you just go to the official page and read for 5 minutes what they are doing and how. Coil primary uses ILP its not a blockchain its a protocol it can use fiat or "magic crypto cash on the interwebz" its irrelevant. >This could also go via bank transfer, or hybrid systems like PayPal,stripe or vipps[1]. As soon as they support ILP yes, it could use whatever that's the whole point. An open standard/protocol where everyone can join and offer competing service and 2 parties can transact with each other regardless of whos underlying service they use. Like email. I dont care whos your email provider I just need your address and it works. The IPL equivalent is called Interledger Payment Pointer. Again has nothing to do with blockchain. If you actually are interested its now up to you to read more about it. I wont go any further with this discussion.

e12e 5y ago
>>> I'm not sure which part of the core value proposition of coil has anything to do with blockchain? >> The question you have could easy be answer by yourself if you just go to the official page and read for 5 minutes what they are doing and how. From coil.com: > Get your Coil Membership for $5 per month. > Install the Coil Extension or the Puma Browser app. > Log in to Coil and enjoy web monetized content and features across the internet. So the same model as patron? The original question was about if the companies product could work without the blockchain. I would be happy to see an open standard for transactions - but no one will pay coil.com for that. They make money as middlemen. That's what they are selling. So, again - how is blockchain essential to what coil are doing (as a business)? Is their business model not being a payment provider, collecting legal tender ("real money") from consumers and funelling it to producers? Do users not depend on coil for the client code and platform? Certainly creating an open protocol, is a way to build the product - but it does not appear to be quicker or easier than a more traditional, centralized solution?

by noxer 5y ago

e12e 5y ago

>>> I'm not sure which part of the core value proposition of coil has anything to do with blockchain? >> The question you have could easy be answer by yourself if you just go to the official page and read for 5 minutes what they are doing and how. From coil.com: > Get your Coil Membership for $5 per month. > Install the Coil Extension or the Puma Browser app. > Log in to Coil and enjoy web monetized content and features across the internet. So the same model as patron? The original question was about if the companies product could work without the blockchain. I would be happy to see an open standard for transactions - but no one will pay coil.com for that. They make money as middlemen. That's what they are selling. So, again - how is blockchain essential to what coil are doing (as a business)? Is their business model not being a payment provider, collecting legal tender ("real money") from consumers and funelling it to producers? Do users not depend on coil for the client code and platform? Certainly creating an open protocol, is a way to build the product - but it does not appear to be quicker or easier than a more traditional, centralized solution?