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0 pointsmaccard3y ago0 comments

And paying you 0.001 in ETH or BTC will cost many orders of magnitude more than that in payment fees alone, and take massive amounts of time to vetify. Meanwhile the actual solution to this problem is micropayments, which can (and allegedly are) better implemented using traditional texhnologies

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koonsolo3y ago

Why are you proposing solutions that work badly or might work in the future? I gave you a solution that works today.

Like I said: sub-second, 0 fee transactions (using Nano). Would love to see any of your traditional systems do better. Can you name one?

maccardOP3y ago

So I actually didn't know that nano was a specific currency. The problem is I now need to get nano which is yet another currency. I might as well pay you in yen, it's not something I have available by default. Why nano, and not Ethereum, or BTC, or USDC or litecoin? How many of these do I need?

> Can you name one? A SQL database of a random custom currency like any video game made in the last decade, or Faster Payments, both of which offer more for both the seller and buyer.

You're not paying tx fees for money transfers, you pay them for fraud, kyc, convenice of global networks. Those are features that are either hidden or not Present in cryptocurrencies

hiq3y ago

> 0 fee transactions

You'd have to check how sustainable this is, Uber was (is?) also very cheap in some areas, just because it's massively subsidized. A solution that works today but not tomorrow and burns cash in between is not necessarily something you want.

koonsolo3y ago

I get it that you are sceptical. But you probably haven't looked at how Nano works. It's 100% distributed and is battle tested in practice.

The biggest challenge they had was protecting against spam. But a few releases back they solved this issue. Technically a very strong project.

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koonsolo3y ago

Why are you proposing solutions that work badly or might work in the future? I gave you a solution that works today.

Like I said: sub-second, 0 fee transactions (using Nano). Would love to see any of your traditional systems do better. Can you name one?

maccardOP3y ago

> Can you name one? A SQL database of a random custom currency like any video game made in the last decade, or Faster Payments, both of which offer more for both the seller and buyer.

You're not paying tx fees for money transfers, you pay them for fraud, kyc, convenice of global networks. Those are features that are either hidden or not Present in cryptocurrencies

hiq3y ago

> 0 fee transactions

koonsolo3y ago

I get it that you are sceptical. But you probably haven't looked at how Nano works. It's 100% distributed and is battle tested in practice.

The biggest challenge they had was protecting against spam. But a few releases back they solved this issue. Technically a very strong project.

1 more reply

j / k navigate · click thread line to collapse