Projects like these is where Bitcoin can really shine. Maybe Bitcoin will conquer the world, maybe it won't. I have no idea. What I do know is there is real utility in being "electronic petty cash" which Bitcoin can easily become. Imagine: Alice sends Bob a few bitcoins after Bob writes a particularly insightful comment on HN. Bob then comes across a great blog post by Charlie and sends him a few bitcoins. Charlie th…
What is preventing USD from being used in this way? It seems to me to only stumbling block are regulatory and security restrictions. If that is the case, wouldn't future bitcoin regulation put an end to this type of use case? Or is the real benefit of your proposed use case the distance of bitcoin value from perceived financial value (ie you are willing to tip X bitcoin but have second thoughts when looking it as X c…
That's correct, but those are humongous only's.
> If that is the case, wouldn't future bitcoin regulation put an end to this type of use case?
Short of large-scale Internet traffic examination, the only thing regulations can hope to do is restrict the exit points: the exchanges between Bitcoin and some government-controlled currency.