📅 Original date posted:2014-06-17
📝 Original message:On 6/16/2014 8:48 AM, Mike Hearn wrote:
> In practice of course this is something payment processors like Bitpay
> and Coinbase will think about. Individual cafes etc who are just using
> mobile wallets won't be able to deal with this complexity: if we can't
> make native Bitcoin work well enough there, we're most likely to just
> lose that market or watch it become entirely centralised around a
> handful of payment processing companies.
I have trouble seeing how could the real-time anonymous payments market
can be cleanly separated from everything else. If trusted third parties
become the norm for that market, there will inevitably be a huge overlap
effect on other markets that bitcoin can serve best, even today. I
don't see how any currency, any cash, can concede this market.
Tom Harding [ARCHIVE] /
npub1ms…pmwjy
2023-06-07 15:22:49
in reply to nevent1q…5jyx
Author Public Key
npub1msef5qkfwz4t7qacwxz775wgdtlytph78g2g2z903x90874u263sypmwjyPublished at
2023-06-07 15:22:49Event JSON
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"content": "📅 Original date posted:2014-06-17\n📝 Original message:On 6/16/2014 8:48 AM, Mike Hearn wrote:\n\u003e In practice of course this is something payment processors like Bitpay \n\u003e and Coinbase will think about. Individual cafes etc who are just using \n\u003e mobile wallets won't be able to deal with this complexity: if we can't \n\u003e make native Bitcoin work well enough there, we're most likely to just \n\u003e lose that market or watch it become entirely centralised around a \n\u003e handful of payment processing companies.\n\nI have trouble seeing how could the real-time anonymous payments market \ncan be cleanly separated from everything else. If trusted third parties \nbecome the norm for that market, there will inevitably be a huge overlap \neffect on other markets that bitcoin can serve best, even today. I \ndon't see how any currency, any cash, can concede this market.",
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