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by mike-cardwell
1976 days ago
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I understand that the person paying probably needs an account somewhere, so that payments can be batched together to reduce transaction fees. However, there's no reason for me to have an account anywhere in order to receive bitcoin. All I need is a bitcoin address. I don't want to sign up with Coil, Interledger, Uphold, Gatehub, or any other random third party, in order to receive bitcoin. And there is zero reason why I would have to. |
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So that you can make payments to someone else regardless of whether they want to use Bitcoin or not.
I believe Interledger is the right level of abstraction for this, in the same way that you wouldn't want your email server to have to know or code against the lower protocols, e.g. Ethernet or WiFi, but only IP, TCP and SMTP. This way your email server can EHLO any email server, regardless of the network topology or underlying protocols.
Interledger does the same for payments.