Hacker News new | ask | show | jobs
by georgyo 1471 days ago
> Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments... cutting off the possibility for small casual transactions ...

Very small transactions happen on the internet all the time. Services like venmo allow for very small casual transactions all the time. And there is no cost for the transaction.

Sure venmo is trusted third party and the transaction is reversible, but it's still significantly easier and cheaper than bitcoin. Or any other other coin for that matter.