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This is a great first step. The next one would be taking transactions between large wallet providers and batching them up to reduce those fees as well.
by pixelcort 13y ago
This is a great first step. The next one would be taking transactions between large wallet providers and batching them up to reduce those fees as well.
- mintplant 13y agoWouldn't that kind of be re-inventing Bitcoin, except as an exclusive, possibly proprietary layer?
- YokoZar 13y agoIf you and I do business 100 times a day, we could either send 100 transactions through the system and incur 100 transaction fees, or do a little bit of accounting and only incur one. Using an API / trusted party like coinbase to do the accounting doesn't undermine bitcoin in any way, as it would still be needed for the end of day reconciliation (moreover, the accounting wouldn't make any sense without it.)