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0 pointsRetric10y ago0 comments

Each of those transactions costs money. In the end Bitcoin can't do 25c transactions at any real scale. You have some token* backed up by bitcoin, but at that point you might as well just use Money.

You could even pretend the tokens where bitcoins, but individual 25c transactions are not going to show up on the block chain.

PS: Dogecoin can handle ~10x as many transactions as bitcoin so it might work better for this. But, even then you can't have millions of people doing several transactions per day.

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DennisP10y ago

If Bitcoin ever gets Lightning implemented, this could be a good use for it. Something similar already works as an Ethereum contract [0]; EtherAPIs is using it for micropayments on API calls over HTTP. [1]

[0] https://github.com/obscuren/whisper-payment-channel

[1] https://etherapis.io/

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DennisP10y ago

[0] https://github.com/obscuren/whisper-payment-channel

[1] https://etherapis.io/

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