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by Syrup-tan
3870 days ago
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Meta: Finally, a comment that isn't hung up on the scrolling behaviour, or the price of the mining power. It's notable the rsync.net has similar, terrible web behaviour, but we seem to have sane discussions about it's service. On topic: I think the neat part of 21 is that it seems to be a step forward in realising microtransactions, in a decentralised manner. Right now the only way around microtransactions is having a centralised pool, where you e.g. put $5/month in, and it pays services out of that pool. The problem with paying services directly is the base fees associated with transactions (for CC, it's around $0.15 + 3%, through Stripe). |
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Having to pay a few cents in transaction fees to get a transaction included on the Bitcoin blockchain does not seem like a great platform for true microtransactions(say <$1).
21 offers their own microtransaction service, but that's just a centralized shared wallet/ledger that offers nothing new. There are multiple centralized services where you can send someone else bitcoin.
The only thing that has potential is payment channels, but I'm not sure how they are going to be implemented in a way that bypasses the Bitcoin blockchain's miner fee.