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Item 2, allocating resources for a true mesh network is a cool idea. It's clean, a b2b transaction for a specific standardized service: forwarding or storing da
by paulsutter 12y ago
Item 2, allocating resources for a true mesh network is a cool idea. It's clean, a b2b transaction for a specific standardized service: forwarding or storing data. It does not sound like a legal minefield. Am I too optimistic? Hats off to cdixon.
The other four I don't understand, can someone help me out?
There is no technical reason that existing money transfers get delayed or expensive because of international borders. The issues are regulatory [1]. How does bitcoin solve that? Same with payments and micropayments. There's nothing technically difficult about moving small or large amounts of money between people. Compliance with regulation is where all the trouble comes in [1], and Bitcoin is not miraculously exempt from those regulations either.
Am I missing something? I'm really curious. Like most technology folks, I /want/ to be more excited about bitcoin.
[1] https://www.wepay.com/api/payments-101/payment-regulation-challenge https://www.wepay.com/api/payments-101/payment-regulation-ch...