Re:Tell HN: Coinbase now requires physical address of recipi...
by shkkmo on Friday June 24, 2022 @10:24AM
(#31862357)
> Tell me how you can do the use-case for Brave - ie, sharing revenue from the ads with millions of users from anywhere in the world - within the traditional payment networks
Brave collects money from advertisers, Brave sends money to sites and users. Nothing in that requires any sort of blockchain. If the monthly amounts are so small as to make flat transaction costs significant, then the amounts are themselves insignificant. None of this requires a decentralized trustless ledger.
Re:Tell HN: Coinbase now requires physical address of recipi...
by rglullis on Friday June 24, 2022 @10:57AM
(#31863121)
> If the monthly amounts are so small as to make flat transaction costs significant, then the amounts are themselves insignificant.
That is the hole in your argument. Imagine the amount of business opportunities if the total cost of a transaction was a fraction of a cent.
> None of this requires a decentralized trustless ledger.
That is an implementation detail. If you find any other method to securely send value across the world for fractions of a cent (even if with intermediaries), I'm all for it.
It's impressive... Like clockwork, there will always be one coming to throw the "only use-case is illegal stuff!" line. It's like people can't wait to throw their opinions about a topic while displaying their complete ignorance of it.
Tell me how you can do the use-case for Brave - ie, sharing revenue from the ads with millions of users from anywhere in the world - within the traditional payment networks.
You can't. There is no Paypal or any other financial institution interested in making monthly transactions that can go as low as a few dollar cents. And somehow Brave does it, legally, and it all works out.