Quote from: stompix on August 18, 2017, 12:16:42 PM

Oh nice!
Another great idea that will improve bitcoin by turning it more and more into fiat.

Not only have we replaced the banks with both miners and online wallets now let's ruing the p2p payment feature also.
Because you are too lazy to make a payment with your normal wallet , you choose the worse way to do it.

Give the mobile company access to your funds.
Forfeit all the bitcoin security and rely on the fact that maybe your phone will not be stolen.
And don't forget, this service will also have some costs, so more tx fees.

Satoshi is rolling in his grave at 12000RPM.

Quote from: audaciousbeing on August 16, 2017, 07:44:02 PM

The possibility of this happening is very much possible and I have not even read on the thread before reading somewhere else on how a company is planning to invest in satellites in other to ensure that bitcoin transactions are carried out without internet connection and this is very much not impossible which can equally make the use of mobile phones possible and if the penetration is going to be high, then advancement in technology needs to start looking into that direction.

Yeah, let's make satellites that will rely bitcoin transactions without internet instead of using those satellites for internet communications like is being done right now!!!
It's like building a dam to make way for a mine, extract the iron, make buckets and then give the buckets to the people in the village to carry the water from the lake that is now too far away.

DId you ever thought that you just buried person who is maybe alive :O And this idea will make us fat belive me. Tongue