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aftbit 3 hours ago

It almost seems like someone ought to be able to build some kind of digital currency with low transaction fees and no centralized payment processor that could power microtransactions. I wonder why nobody has done that yet.

einsteinx2 2 hours ago | parent [-]

I know crypto was supposed to solve this problem, but I’ve never seen an implementation that actually did the job. You’d think someone would have built a successful “Patreon for micropayments” in the past 10 years, but no one has.

aftbit an hour ago | parent [-]

Yeah I think the problem is that most of the main chains had astronomical transaction fees; most of the side chains that solved this problem had a trust problem; and Bitcoin Lightning was sorta dead on arrival, though it had both the trust and the technology solution. At that point, this forum had already moved BTC from "amazing new technology" to "huge threat to social order and environment".