Quote from: Holliday on October 01, 2015, 01:32:55 AM

Quote from: knight22 on October 01, 2015, 01:29:08 AM

Quote from: Holliday on October 01, 2015, 01:22:30 AM

Quote from: knight22 on October 01, 2015, 01:21:25 AM

Bitcoin is also about frictionless money. No so much with VISA.

Quote from: Holliday on September 16, 2015, 09:18:39 PM

Quote from: Holliday on September 16, 2015, 09:11:41 PM

I guess I don't really understand the "frictionless" in frictionless programmable money. There are many kinds of friction I can think of, and it seems like you are just saying censorship-proof in a different way.

I would even go so far as to say that Bitcoin is not frictionless at all. Fees, for example, are one type of friction which is going to be required in order to pay for network security.

Edit: Unless Heam's "network assurance contracts" of course!

Not sure I understand what you are trying to say. Of course censorship is also aa considerable layer of friction but the legacy financial system has a lot more frictions than just censorship.

The last time you mentioned that Bitcoin is also "frictionless programmable money", I responded that I didn't really know what you mean by that. I was hoping for an explanation or some examples.

Then while thinking about it, I realized that Bitcoin has several kinds of friction, some of which are essential to the operation of the network itself.

Bitcoin is frictionless compared to the legacy financial system, specially over the internet. Of course it has some friction too (confirmation time and fees) but it is negligible if we compare that with what banks have in terms of frictions.

Quote from: Holliday on October 01, 2015, 01:32:55 AM

I still don't know what the use cases of "frictionless programmable money" are, or why Bitcoin is best suited for those uses.

https://openbazaar.org/
http://www.joystream.co/
https://www.changetip.com/

As per example. And that just the beginning. Too bad all of these platforms will have to move to another more desirable blockchain that scales in a competitive manner at some point.