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A comment on Coinbase booked $1B in revenue last year, has told hovering VCs to back off.

Re:Coinbase booked $1B in revenue last year, has told hoveri... by rrggrr on Monday January 22, 2018 @05:06PM (#16208407)
If we don't start seeing real world DAP adoption and growth in legit crypto-payments soon - this all comes crashing down. My gut tells me the market will wait 4-8 months at best.
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Re:Coinbase booked $1B in revenue last year, has told hoveri... by thefourthchime on Monday January 22, 2018 @07:39PM (#16209704)
I think the biggest thing that needs to happen is Lightning Network. If it works like it should it'll be the end of slow transactions / high fees.
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Re:Coinbase booked $1B in revenue last year, has told hoveri... by ActsJuvenile on Monday January 22, 2018 @08:14PM (#16209951)
Loading and unloading Lightning channels creates separate transactions. Depending on how often an open channel is used, Lightning can increase the transaction load.
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Re:Coinbase booked $1B in revenue last year, has told hoveri... by gruez on Monday January 22, 2018 @09:08PM (#16210289)
needlessly opening/closing channels also costs transaction fees, so as long as most users are rational, this wouldn't happen (too often).
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Re:Coinbase booked $1B in revenue last year, has told hoveri... by Blindedwino on Monday January 22, 2018 @08:03PM (#16209874)
Haha, good one.
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Re:Coinbase booked $1B in revenue last year, has told hoveri... by AluminiumPoint on Tuesday January 23, 2018 @01:37AM (#16211514)
Good one? It works, made a purchase this weekend ($4 stickers), channel cost $2 to create with a segwit tx. From then I can send/receive transactions for 1 satoshi.

LN is here. Watch it grow!

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Re:Coinbase booked $1B in revenue last year, has told hoveri... by wellboy on Monday January 22, 2018 @05:44PM (#16208786)
Bitcoin won't be the crypto payment method. It'll be the Crypto gold that keeps the market together. Another small and light coin will be the payment method and possibly replace bitcoin after a while.
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Re:Coinbase booked $1B in revenue last year, has told hoveri... by hylianwarrior on Monday January 22, 2018 @06:39PM (#16209249)
RaiBlocks is looking pretty good with its zero fees and sub-minute transaction times
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Re:Coinbase booked $1B in revenue last year, has told hoveri... by thefourthchime on Monday January 22, 2018 @07:40PM (#16209712)
I thought that at first blush, but they haven't figured out how to incentivize nodes or prevent spam. Pretty big issues IMO
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Re:Coinbase booked $1B in revenue last year, has told hoveri... by StavrosK on Monday January 22, 2018 @08:51PM (#16210185)
Yes, and as much as I like the currency, the perpetual "they'll do it out of the goodness of their hearts" answer to "who will run a node with no incentive" isn't very convincing.
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Re:Coinbase booked $1B in revenue last year, has told hoveri... by sethgecko on Tuesday January 23, 2018 @04:55AM (#16212247)
Isn't that exactly the same with every cryptocurrency? Why would you run a bitcoin node?
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Re:Coinbase booked $1B in revenue last year, has told hoveri... by StavrosK on Tuesday January 23, 2018 @06:00AM (#16212551)
No, it's not. A RaiBlocks node is equivalen to a Bitcoin miner. You'd run it because it makes money.
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Re:Coinbase booked $1B in revenue last year, has told hoveri... by tehlike on Tuesday January 23, 2018 @02:16AM (#16211655)
you can add fees to raiblocks, isn't it just a matter of forking it?
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Re:Coinbase booked $1B in revenue last year, has told hoveri... by sanefive on Monday January 22, 2018 @06:54PM (#16209378)
Raiblocks and IOTA are the two to watch, yes.
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Re:Coinbase booked $1B in revenue last year, has told hoveri... by Blindedwino on Monday January 22, 2018 @08:06PM (#16209895)
IOTA is not made to be a currency to shop online or buy coffee, it's an IoT currency. Stop trying to shill what you've bought. It's also deeply flawed, centralized and its wallet is not user friendly.
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Re:Coinbase booked $1B in revenue last year, has told hoveri... by sanefive on Tuesday January 23, 2018 @06:36AM (#16212739)
Believe it or not, I don't have IOTA nor XRB in my portfolio.
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Re:Coinbase booked $1B in revenue last year, has told hoveri... by bitoneill on Monday January 22, 2018 @07:17PM (#16209549)
There are concerns about IOTA: MIT Media Lab's concerns about the cryptocurrency IOTA

https://news.ycombinator.com/item?id=15980675

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Re:Coinbase booked $1B in revenue last year, has told hoveri... by icelancer on Monday January 22, 2018 @05:35PM (#16208684)
We are seeing it. I pay for a ton of stuff on Newegg using BTC, and Bitpay is being adopted at a ton of places, particularly those that serve Wordpress-powered shops due to a simple plugin.

Bitpay's switch to the payment protocol interface sucks, but it's workable enough and hackable if you know how to run a script. For everyone else, it's easier to use, so that's good in the long run.

If you're expecting to go to Target or Walmart and see adoption before you declare it good, I don't know what to say. But cryptocurrency purchasing is rising on the Internet, and if the Lightning Network does half as much as they want to, then it's in really good shape.

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Re:Coinbase booked $1B in revenue last year, has told hoveri... by prostoalex on Monday January 22, 2018 @06:23PM (#16209131)
> I pay for a ton of stuff on Newegg using BTC

Do you cover the transaction fee or does Newegg?

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Re:Coinbase booked $1B in revenue last year, has told hoveri... by icelancer on Monday January 22, 2018 @06:26PM (#16209154)
"I do," in that there's a fee for me but there's also obviously one from Bitpay that they are assessed as well.

Some sites cover the tx fees or offer discounts, which are effectively the same thing, however.

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