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There's a little bit of a fundamental problem here. We're talking about paying a cent to avoid an ad. On a blockchain, work needs to be done to register that t
by thehappypm 5y ago
There's a little bit of a fundamental problem here.
We're talking about paying a cent to avoid an ad. On a blockchain, work needs to be done to register that transaction. If the fee is a fraction of a penny, who is going to want to do the work? I get that you'll make it up at scale, but each transaction must be cryptographically secure (and therefore take up some type of resource), so there's a problem.
- ignoramous 5y agoFor "crypto" transactions, on-chain is no longer seen as a stringent requirement. In fact, the entire DeFi ecosystem wouldn't exist if there wasn't a cryptographically-secure way of doing transactions off-chain on second-level chains (0x, Polygon, Compound etc) or on chain of chains (Polkadot, Cosmos, Kava etc), or on chains built for payments (Celo, Diem, Stellar etc). Beside, Orchid.com whitepaper talks about doing nanopayments on-chain, which is quite a radical approach.
- thehappypm 5y agoSure, if you put a layer on top, you can do whatever you want! It just adds more centralization, which isn't better than something like a Venmo that would be based on fiat.
- ignoramous 5y agoNot all off-chain layers are centralised.