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This has mostly been solved. Bitcoin's lightning network, ethereum layer 2 networks, etc all have sub-cent fees.
by xur17 1y ago
This has mostly been solved. Bitcoin's lightning network, ethereum layer 2 networks, etc all have sub-cent fees.
- lynndotpy 1y agoNot sure about Ethereum's equivalent, but 'Lightning' just reintroduces the problem of having one person act like a payment processor.
- xur17 1y agoNot sure I follow.
- righthand 1y agoV or MC perhaps?
- lynndotpy 1y agoA node in the Lightning network (to simplify a lot) become the payment processor that would be targeted. (But it's kind of spurious- in practice, Coinbase, Block, etc. would be targeted far before someone running a Lightning node would be. The larger point is that very few people would interact with Bitcoin or other cryptocurrencies as a peer in the network.)
- righthand 1y agoEven still I have put money into my bank then put it into cryptocurrency. My customers just want to use their bank, not a pseudocurrency. My customers aren’t trying to escape the payment processor. They can just pirate the game.