Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Meanwhile ... 21 releases better code using the new CLTV opcode to setup a micro-payments channel to dramatically increase capacity with no need for a blocksize limit increase, and no added network tradoffs. Works with any device and free to use.
https://medium.com/@21/true-micropayments-with-bitcoin-e64fec23ffd8#.t2iij7v71
This will not be as inexpensive and powerful as the lightning network but is a great solution to resolve current capacity "problems" immediately.
https://medium.com/@21/true-micropayments-with-bitcoin-e64fec23ffd8#.t2iij7v71
This will not be as inexpensive and powerful as the lightning network but is a great solution to resolve current capacity "problems" immediately.
"Peer to peer electronic payments without the need for a trusted 3rd party"
Quote
Bitcoin micropayments: as easy as opening a bar tab
How does this technology work? A good analogy is the idea of a bar tab. When you go to a bar, you typically put down a credit card to open a tab, enjoy your food and drinks, and then close out the tab at the end of the night.
How does this technology work? A good analogy is the idea of a bar tab. When you go to a bar, you typically put down a credit card to open a tab, enjoy your food and drinks, and then close out the tab at the end of the night.
Bar tab? You trust the barman not to skim your CC?
You trust the customer to not do a runner?(0-conf,anyone?\)
Do you really think this is better? Is this "moving forward"?
