Viewing profile — onetallnerd

Has his view on bitcoin changed? How does he view blockchain tech in general. Does he see machine to machine payments happening on tesla vehicles if so what tech or back end would …

No. You don't. It can be set to having to be on at least once a week, or trustlessly outsourcing the requirement.

Machine to Machine payments. Payable endpoints 402 payments? They're tech guys not marketing. I'm not sure if the LN guys even have marketing people?

Venmo is really nice, I just wouldn't trust it with anyone I don't have a social connection with. In that regard it's superior to bitcoin.. Although, I'm digging circle recently.. …

Miners can run LN nodes too and profit off it as can anyone with bitcoin. The point is avoid the need or having to rely on "supernodes." You have other altcoins going other routes …

I think you're missing the point. You can't scale Linden's micropayment worldwide without there being counterparty risk. It's much more useful to build these on top of decentralize…

It was a genuine question?

Nope. At least soon that won't be the case. (soon as in a few months maybe a year) Check out the lightning network: http://techcrunch.com/2015/06/13/down-the-blockchain-rabbit-... …

Nice? 2.9% sounds horrible. Why do we pay that much again?

Has anyone defrauded you with a bitcoin payment yet? I assume volume is low, but out of that volume has there been any reports of fraud?

Yep, they convert it all using a payment processor or keep a small percentage, no risk. State currencies are volatile too. Just look at the Euro.

Yep, they convert it all using a payment processor or keep a small percentage, no risk. State currencies are volatile too. Just look at the Euro.

Yep, they convert it all using a payment processor or keep a small percentage, no risk. State currencies are volatile too. Just look at the Euro.