Bitcoin is Now Useless for Micropayments, But Solutions ...
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"Blockstream is collaborating with industry leaders to create a Bitcoin micropayment system"
https://blockstream.com/technology/#lightning First I'm noticing this, but I'm pretty sure for the last two years lightning was being sold to the community as a cure-all for bitcoin's scaling problems and not just a "micropayment system". In fact, I'm pretty sure just about every last person in /bitcoin is under the impression lightning is supposed to make bitcoin payments/commerce viable again and make bitcoin go to the moon. I think it's sad how easily manipulated people are.
Bitcoin: A store of value, A P2P ‘anonymous’ e-cash system, or a micropayments network for data?
Seems like there’s plenty of room for debate. BTC has take the ‘store if Value’ direction, BCH the ‘medium of exchange’ direction and BSV the ‘unit of account’ direction. Seems like the modern world is geared towards needing a micropayments network for data most, since it’s ‘the information age’ and they fourth industrial revolution etc. Seems like BTC is limited to just being a pyramid token thing which regulators ‘can’t shut down’ and BCH well... I can’t work out of their cash is for coffee shops or weed by mail first and foremost, but BSV genuinely seems to have a use-case, and an economic model behind it. What’s the consensus here? If you think BCH or BTC is better, why?
19 things you can do with Bitcoin: Get money in and out of China, Iran, and other restrictive countries; send money overseas cheaper than wire transfers; create a practical system for micropayments; sign electronic documents; create contracts that execute themselves; and more.
Blockstream launches the bitcoin micropayment processing system
Blockstream has launched the system for bitcoin micropayment processing, which will simplify the development of bitcoin applications on top of Lightning network. New system Lightning Charge complements the existing Blockstream’s implementation of the Lightning spec, c-lightning, which focuses on the needs of the developers who will be creating Lightning-powered Bitcoin applications for the users.This complementary package for c-lightning, designed by independent developer Nadav Ivgi working with Blockstream, makes it simple to build apps on top of Lightning. Web site: https://deex.exchange/
Deex : Blockstream launches the bitcoin micropayment processing system
"Practical systems to allow transactions of less than 1 USD have seen little success." --Wikipedia article on micropayments makes no mention of Bitcoin.
I just noticed that the Wikipedia article on micropayments makes no mention of Bitcoin. I've never edited Wikipedia before and am short on time at the moment, so perhaps a Wikipedian out there could update the article, so that Bitcoin is mentioned as the most recent technology with the potential to solve the micropayment problem? (Sorry to not do it myself, but I try to contribute when I can!) An excerpt from the article is below.
During the late 1990s, there was a movement to create microtransaction standards, and the World Wide Web Consortium (W3C) worked on incorporating micropayments into HTML even going as far as to suggest the embedding of payment-request information in HTTP error codes. The W3C has since stopped its efforts in this area, and micropayments have not become a widely used method of selling content over the Internet.
Edit: added excerpt, clarified that intent is to request help with Wikipedia editing. Update: article now mentions Bitcoin! Those who are interested in micropayments will now be aware of new efforts toward solving this problem. Thanks to surfer431 for pointing out that...
[uncensored-r/Bitcoin] Introducing LightningCharge, a new micropayment processing system that makes it easy to build app...
The following post by tnap4 is being replicated because some comments within the post(but not the post itself) have been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7qx2wo The original post's content was as follows:
If you are not on Yours.org you are Bitcoining wrong. Yours is crypto-reddit. Reddit said: Bitcoin? No thanks. Yours.org has a working system of routed micropayments and is one of the first in the world to have this. THAT IS HUGE!
[Tipping Tuesday] With a stable and reliable micropayment system ensured by Bitcoin's latest upgrade, in the future, everything will be a market. Every newspaper, cup of coffee and watt of electricity will fluctuate by the min. and we will all be expert in planning our lives around "peek" pe /r/btc
BIP 21 amounts are accepted in lieu of the data-attribute system used for other currencies. A default amount is used if neither of the other methods yields a price. Currency conversion is performed at the SyndiCoin payment page using BitcoinAverage's 24-hour average. Currency may be any of the fiat currencies supported by BitcoinAverage, BTC (XBT) or bits (micro-bitcoin). Create a Website ... ALTERNATIVES TO FAUCETHUB MICRO-PAYMENT SYSTEM FOR ALL BITCOIN AND CRYPTO FAUCET USERS IN 2020 by E. Okorie, 17th of January , 2020 As of December 10th 2019 FaucetHub has discontinued the majority of it's services and has led to various other alternatives systems for paying cryptocurrency faucet users in 2020. Bitcoin Blockchain's Micro Payment System is Coming to Life with Lightning Network and Tippin. by Carl T. March 7, 2019. Home Bitcoin News Lightning Network. Facebook. Twitter. Telegram. ReddIt. Linkedin. Email. The Lightning Network (LN) and the Tippin application are helping microtransactions in the Bitcoin (BTC) network start growing once again. The Tippin application has already recorded ... Working with micropayment channels. Learn how to efficiently send repeated micropayments to a chosen recipient. Introduction. Bitcoin has great potential as a platform for enabling micropayments, payments much smaller than what the traditional financial system can handle.Indeed, you can send a very tiny amount of value in a Bitcoin transaction without doing anything special and it will work ... Bitcoin Core Bitcoin Core ist ein vollständiger Bitcoin-Client und bildet das Rückgrat des Netzwerks. Er bietet ein hohes Maß an Sicherheit, Privatsphäre und Stabilität. Er bietet allerdings weniger Funktionen und benötigt viel Festplatten- und Arbeitsspeicher.
A blue Systems Research Group (https: ... What is PayPal MicroPayment and How Does it Work? - Duration: 7:54. Angell EYE 1,958 views. 7:54. What is the semantic web? - Duration: 4:08. internet ... Bitcoin faucets are a reward system, in the form of a website or app, that dispenses rewards in the form of a satoshi, which is a hundredth of a millionth BTC, for visitors to claim in exchange ... bitIOU bitcoin micropayment system - Duration: 6 minutes, 59 seconds. 172 views; 5 years ago; 45:51. Securing the linux desktop with Docker + Subuser - Talk at brmlab.cz 2014 03 06 - Duration: 45 ... With the world’s first seamless micropayment system we are bridging the gap between traditional payment methods on self-service and autonomous machines and revolutionary blockchain technology by ... Micropayments are small transactions, that enable friction-less and comparatively small payments for content online. Micropayment business models before the invention of Bitcoin had been ...