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Why not just send the confirmation back by SMS?
by asdfaoeu 12y ago
Why not just send the confirmation back by SMS?
- zouppen 12y agoThe idea is that the payment receiver doesn't need to do it. The payee needs to have some kind of uplink (like a mobile phone, amateur radio, or anything). There are mobile payment applications already, but they are doing it using centralized service and they need make deals with payment agents. With Kryptoradio it is possible to receive payments without any extra middlemen.
- servowire 12y agoThat would require trust - in the form of the SMS provider. No way to verify that SMS is valid, it could have been forged. The proof-of-work blockchain transmission means it's the real and proper blockchain and is valid.