3 ms·
The point you are so reluctantly refusing to see is that it is about options and the long tail. Yeah, the majority of business and people are fine with the stat
by rglullis 5y ago
The point you are so reluctantly refusing to see is that it is about options and the long tail. Yeah, the majority of business and people are fine with the status quo. It doesn't mean that the rest should just conform.
> Other than that, unless you use Nano, every crypto transaction comes with a fee (...) slower than normal transactions
- https://raiden.network https://raiden.network (near-zero fee transfers, akin to Lightning Network, running on Ethereum)
- https://aztec.network/ https://aztec.network/ (private payments, running on Ethereum)
- https://loopring.io https://loopring.io (super fast roll-up based on Ethereum, transfers are instant and cost less than 20 cents)
> The other two industries mentioned are good examples
No, I said the EXACT opposite. These are PERFECTLY LEGAL businesses that banks do not want to provide services either because of stigma and or because they are seen as too risky.
> And if you're running your bank, there's zero support.
Again, either you haven't read the links or you don't understand what I am doing with Hub20. I'm guessing you didn't really read, because if you did you'd see that it's not a business, but merely an open source project.
Anyway, the point of Hub20 is EXACTLY to address the issues (UX/technical/social) from the "fully decentralized" wallets. It abstracts away the complexity from crypto for the users and puts this burden on the hub operators. It avoids the cost of decentralized/"trustless" operations when they a more "conventional" token transfer/exchange can be done. I went as far as writing in the docs Do not open an account on a hub20 instance if you can not personally knock on the door of its operator. It is part of its design to sacrifice some of the decentralization in favor of established social bonds. It's not meant for those making 6-digit transfers, it's meant for someone who wants to run a mini-checking account.