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transactions are very much not free when paying with bitcoin, and this has been tried in a few forms already but none have been successful. how can they spend w
by agentdrtran 5y ago
transactions are very much not free when paying with bitcoin, and this has been tried in a few forms already but none have been successful. how can they spend what you give them? are you going to sit there and explain bitcoin to the waiter?
- throwaway413 5y agoLet me clarify. Yes, you have to pay transaction fees when transferring money on the blockchain. I am proposing that no transaction would occur. Just like when you hand cash to someone, no external transfer needs to take place. You would essentially be giving them full access to said wallet, and giving up ownership. No transaction would need to be recorded to the blockchain because no actual wallet transfer would take place. Only the immediate physical ownership of the keys which could happen offline, instantly, etc. The rest of your questions are not answered so easily, and agreed, this still doesn’t answer the issue of onboarding to crypto in general. What it does solve though is the necessary onboarding to creating a wallet and understanding how to receive bitcoin. No one needs to “understand” how to receive cash. You stick your hand out and receive it. Should be just as easy as that with bitcoin.