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If only there was a decentralized, permissionless payment network that anyone could participate in...

• wombat-man 4y ago
  you still probably need an offramp. If you're cashing in a lot of crypto for fiat someone is going to eventually want to know where it's coming from. Unless we get to the point where you can buy everything without fiat.
  • TimJRobinson 4y ago
    We'll eventually get to a future where you can do everything on chain, as it will increase efficiency and I don't know of a single technology that has increased business efficiency and not been adopted.
    • _Algernon_ 4y ago
      Which chain are you referring to? If it's bitcoin "increased efficiency" is not a claim I would make.
      • TimJRobinson 4y ago
        Bitcoin only increased the efficiency of gold. Ethereum + L2's will eventually process 14M+ TPS in a completely decentralized, permissionless way [0]. It's not hard to see how a faster, cheaper, more scalable system will be adopted by payment companies, especially when you don't have to trust or rely on any other company or government. 0: (https://polynya.medium.com/conjecture-how-far-can-rollups-data-shards-scale-in-2030-14-million-tps-933b87ca622e https://polynya.medium.com/conjecture-how-far-can-rollups-da...)
• fulafel 4y ago
  Like wire transfers (IBAN)?
  • jhugo 4y ago
    Unfortunately people don't want to use them for small transactions, the UX is still often pretty unpleasant with a lot of banks, and recourse against the vendor for non-delivery etc isn't possible / isn't as smooth.
• IshKebab 4y ago
  Is there? (Assuming you left easy to use, stable and fast off the requirements list because they're so obvious.)