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A comment on Tell HN: Coinbase now requires physical address of recipient in crypto transfers. Parent comment

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.

[ Parent | on HN ]
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.

[ Parent | on HN ]