Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
phishead
on 24/11/2015, 06:05:43 UTC
It would be great if you could stop pretending Bitcoin's Layer 1 was created (and/or is able) to replace commercial banking, cash, plastic, and Starbucks gift cards while remaining diverse/diffuse/defensible/resilient.  Please do the engineering.

It's hard to argue that it wasn't created for that when satoshi wrote about things like how to do zeroconf for vending machines:

https://bitcointalk.org/index.php?topic=423.msg3819#msg3819

Or micropayments becoming practical over time as storage and bandwidth costs fall:

https://bitcointalk.org/index.php?topic=287.msg7687#msg7687

In the subsequent years, some may have realized that isn't the best way to approach things but learning is different from revisionism.



I read something a little while back about M-Pesa being mainly used in Kenya for the beneficial aspect of micro payments... Does any body have any more info on this besides the news articles that 60 minutes briefly did on it?



http://www.cbsnews.com/news/future-of-money-kenya-m-pesa-60-minutes/