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You are right in most of your points. Today it doesn't exist an API for micro_proof_of_burn. Economic incentives however require a little patience because they
by emporas 3y ago
You are right in most of your points. Today it doesn't exist an API for micro_proof_of_burn. Economic incentives however require a little patience because they need to work their way through the system. 0.0001 BTC is hugely expensive. A blockchain with millionth of a cent transaction, is certainly possible, and it will exist in 2-3 years approximately.
In my calculations, with millionth of a cent per transaction, even paying for torrent blocks (64 KB), not torrent pieces (16KB) will soon become profitable.
- yyyk 3y agoMicropayment are 'profitable' save for anti-money-laundering laws (not to speak of anti-terrorism laws) which make any such payment have significant compliance costs. The only way to bypass that would be with centralized verification agencies to take liability (and demonetize anyone deemed controversial). Since they're centralized, they'll have zero use for blockchain (good riddance). Does anyone want that future?