Earlier quoted context omitted.
Avoid trademarking fees! No need to spend money on trademarking what can't be trademarked ;)
So, OpenAI is certainly never trademarked? /s
they just lost a case in Europe about being trademarked
OpenNode – Bitcoin Payment Processor
41–50 of 132 posts
Re: OpenNode – Bitcoin Payment Processor
#42Earlier quoted context omitted.
Monero is even cheaper and more useful as cadh because it's private. Anyone can see Bitcoin history and where the user got their coins.
They are both useful. Monero is a bit more tricky to use, there is no concept of Lightning network, you still have to wait around 7 minutes for the transaction to settle. It's not bad, but it is different. The transparency in Bitcoin is a feature not a bug.
CIA uses Bitcoin for intelligence gathering: https://cryptobriefing.com/cia-bitcoin-intelligence-gatherin...
Really? Did we IT people decide giving up privacy for security is a good idea?
Re: OpenNode – Bitcoin Payment Processor
#43Very impressed at net cost. I used to run a small ecom business targeting total prices in the range of $3-10. At $3, payment processing is nearly 11-12% of costs, which is absurd, more if you amortize the occasional chargeback/fraud. Lightning can do it for For whoever posted, your cost calculator should be first thing on the page, and you "How we calculated this number" link is broken
I would guess the price for payment processing drops tremendously when you don't need to handle fraud or chargebacks at all. It's for sure worse for consumers but I do think it has its place (for example adult content that has huge chargeback risk or straight up blocked by other processors).
Re: OpenNode – Bitcoin Payment Processor
#44Earlier quoted context omitted.
This has tradfi banking ramps. You don't need to hold it. You can treat BTC as basically a payment network instead of something like the visa/mastercard cartel.
afaict, the main advantages of buying things with crypto are (potentially) lower transaction fees and latencies, and less red tape restricting who can buy what from whom. If you use a "tradfi onramp", doesn't it negate all of that? Why not just use tradfi all the way, for that transaction?
Even if you're willing to operate fully in the "tradfi" system, your counterparty might not be, and you still want their business.
Re: OpenNode – Bitcoin Payment Processor
#45Earlier quoted context omitted.
This was thr original intent of thr Satoshi paper, except BTC is probably the worst payment network you can think about, which is why it failed to gain any use as such over the past 18 years…
I sent a transfer from the UAE to Spain and another one to the Netherlands. They took 5 days and 7 days respectively. The same transfer takes 10 minutes in Bitcoin. You don't do transfers to pay for stuff at the grocery store, the same way you would not pay using the Bitcoin network. You would use lightning network, which takes less than 2 seconds finality.
That usage is not a generic payment usage. This is a use case it is good for. But if 8 billion people should use Bitcoin for their everyday shopping, that is a totally different case...
Re: OpenNode – Bitcoin Payment Processor
#46American-style words are really hard these days. I thought 'open' meant source code is available, but at some point, starting with OpenAI, it seems like 'open' has come to mean 'we'll open your wallet.
Obligatory "Stallman was right" here.
Seriously, though. Without legal teeth and against marketing, "Open" never much stood a chance.
Re: OpenNode – Bitcoin Payment Processor
#47Interesting to see that this crypto thing might still have legs, as someone who's invested a lot of time (and thankfully, not a painful amount of money) into the idea.
Yes, it's scam city too, but it will be interesting to see if "permissionless money" actually happens and how.
And for the record, most people here pointing out that bitcoin itself, as perhaps this "opennode" may be useless here, are correct. Bitcoin mostly can no longer do what it says on the box, but newer forms can.
Re: OpenNode – Bitcoin Payment Processor
#48Why not just accept Monero? It acts more like cash. Do you really want to leak every transaction you've ever done, every time you buy something? Bitcoin is surveillance capitalism dream!
Bitcoin is slow as well, unusable for payments. I still think Bitcoin is better than fiat because at least it doesn't require an ID to make a wallet and it's self custody.
Monero is the best crypto we have for currencies, though. And currency is the only value I see in crypto.
Re: OpenNode – Bitcoin Payment Processor
#49Earlier quoted context omitted.
They are both useful. Monero is a bit more tricky to use, there is no concept of Lightning network, you still have to wait around 7 minutes for the transaction to settle. It's not bad, but it is different. The transparency in Bitcoin is a feature not a bug.
CIA uses Bitcoin for intelligence gathering: https://cryptobriefing.com/cia-bitcoin-intelligence-gatherin... Really? Did we IT people decide giving up privacy for security is a good idea?
The main grifters care for neither.
Re: OpenNode – Bitcoin Payment Processor
#50not your keys, not your money.