402 Payment Required, and why micropayments are doomed

Re:402 Payment Required, and why micropayments are doomed by BubRoss on Tuesday May 19, 2020 @06:43PM (#23241179)

At the current scales, that is like saying a 128x128 jpg has big implications over a 64x64 jpg. Anyone who can watch a 240p youtube video can sync with bitcoin's limited blockchain. Not only that but most people don't need to and don't want to.

What is bitcoin's throughput? 2MB every -10 minutes-? That's less than 3KB/s. Let's not do this whole dance where the real numbers never come up in all the fear mongering.

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Re:402 Payment Required, and why micropayments are doomed by TylerE on Tuesday May 19, 2020 @09:44PM (#23242446)

2MB every 10 minutes is 9GB/month.

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Re:402 Payment Required, and why micropayments are doomed by BubRoss on Tuesday May 19, 2020 @10:50PM (#23242833)

PlayStation games need to download more than that to install. Many steam games push updates bigger than that.

A single 10TB hard drive would take over -92 YEARS- to fill up at that rate. And again, most people don't ever need to sync with the chain, they let servers do it for them.

What is your point?

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Re:402 Payment Required, and why micropayments are doomed by TylerE on Wednesday May 20, 2020 @12:15AM (#23243242)

Metered connections and constrained devices exist. Even in 1st world countries.

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Re:402 Payment Required, and why micropayments are doomed by BubRoss on Wednesday May 20, 2020 @08:15AM (#23245932)

And? For the third time, most people never even think about syncing with the chain. Do you understand how cryptocurrencies work? Have you ever used one? What is your point?

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