Quote from: Minotaur26 on February 10, 2015, 05:36:35 PM

Another way in which InstantX is a game changer

InstantX is a game changer in many ways, but I think one of the most important aspects is it allows Darkcoin to stand on its own from a Point of Sale perspective. For example, one of our Darkcoin Ambassadors is located in a nice tourist spot in Brasil and we are right now discussing strategy about his region. We believe there is a nice opportunity for small tourist shops in beach towns around Brasil where a lot of customers are American or European.

Instant X opens up this type of market to us, the idea of tourists shops in small towns taking crypto is obviously not novel. Tourists can take coins on their phones or laptops without having to deal with customs issues or exchanging money when they reach their destination. But cryptocurrency wasn't practical for small brick and mortar shops, until InstantX came about because it is a lot to ask for small souvenir shops around the world to establish relationships with payment processors like Bitpay, to be able to quickly serve customers.

No one wants to pay for something on a souvenir shop and wait 10 minutes before you can leave, also if you are a small tourist shop in Brazil you don't want to be obliged to have a relationship with some payment processing company in the United States or let people leave your shop without a confirmed payment is just not a good feeling and is a form of centralization.

Darkcoin, through InstantX, allows brick and mortar shops around the world to take crypto on their own without having to get service from some foreign company that will come with a bunch of KYC requirements, and do it in a way where you can serve customers just as fast, if not faster, than with credit cards.

No relationship with a bank or any other company necessary and no fees, if anything they just need to learn how to exchange their crypto for fiat in exchanges or just start spending crypto directly. This is way more scalable from a global perspective than expecting companies to confirm payments on behalf of people, it is included directly in the protocol no need for workarounds and third parties.

I am excited to see what we can do with this in the Darkcoin Ambassador Group we are already 30 volunteers looking to promote Darkcoin on our cities if you want to help, just reach out.

I know that there was discussion earlier (a week or so back) of how POS services won't care about how fast a coin can confirm as Bitcoin is already way faster than bank clearing houses. However, I seriously think they're missing the point. When currency is truly decentralized, we won't need, nor do we want POS services or any of the current banking infrastructures. Well, at least in my dreams, we won't have them.

Of course, if a company is formed that really creates new innovative financial services such as loans comes around, I'm all for that. Why? Borrowing is still a big way for entrepreneurs to get a start. Either that way, or selling shares in a startup. However, if you want your own little business, and don't want to answer to share holders, a loan is best. But paying for companies to guarantee the transfer of your money is not necessary in our new financial world.

So um... yah, I totally agree with you, minotaur!

And finally my second masternode has updated and is running! Whew!