3 ms·
That's great, but how do I sell a $2 candy bar to someone and not have to charge them a $2 transaction fee (or $20 if there's a gas war), and also make sure the
by nick238 4y ago
That's great, but how do I sell a $2 candy bar to someone and not have to charge them a $2 transaction fee (or $20 if there's a gas war), and also make sure their transaction actually goes through.
With crypto you still need to trust someone: the blockchain owners, as they can always do a rollback at any time, as happened with the DAO.
- dragonwriter 4y ago> With crypto you still need to trust someone: Yes, but the people you need to trust are self-selected, anonymous, distributed, and unaccountable, which is, apparently, better somehow.
- notahacker 4y agoAnd for the majority of real world transactions, you still have to trust "fiat" gateways at either end anyway...
- danlugo92 4y agoUse bitcoin lightning
- rglullis 4y agoThere are no blockchain owners. There is just a blockchain, and consensus rules to what goes into it. People talk about the DAO thing as if it was just a matter of calling some people and ask them to refund everyone, as if history could be reversed. What happened was a fork, and the decision on what fork to go on still required consensus building: those running ethereum nodes and who were against the DAO fork stayed on their paths and went on to call it "Ethereum Classic". As for gas prices: https://l2fees.info/ https://l2fees.info/ will show you that transfers can easily be done with a few cents, and Raiden is (finally!) live and able to do sub-cent transactions (https://medium.com/raiden-network/the-raiden-network-now-live-on-arbitrum-3d57fedf7961 https://medium.com/raiden-network/the-raiden-network-now-liv...)