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by bnjms
3428 days ago
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I don't see how it is not better. Credit Cards require use of credit providers and all the overhead that entails; minimum payments included. Most of the time this does not bite us and it Just Works except for when we try to step outside of the expected transaction model as we do with say Paypal which has known and necessary pros and cons. A proper bitcoin API has the potential to allow for the transactional web everyone was hoping would come to pass back in the day and since it is NOT owned by a single company, the way companies were clamoring to be the mico-payment provider of the web, it just might happen. If we are going to make an HTTP level API it really needs to be based on a technology any new company can start up a service for rather than centralizing it. Not to mention CC somewhat imply a lower bound of $0.01 which is too costly for some transactions. It would be amazing if I could pay for access to the Wall Street Journal or New Yorker articles without locking in a full sub. There must be thousands of people who would pay a premium price or $0.15 for individual articles but would not go for a full membership. Then journalists could actually charge for content. We HNers would likely pay for longform but not the dreck we collectively complain about. Weakening the cultural pull of clickbait news. |
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