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A comment on PayPal president David Marcus: Bitcoin is good, NFC is bad. Parent comment

Re:PayPal president David Marcus: Bitcoin is good, NFC is bad by mrb on Tuesday December 10, 2013 @11:35AM (#6881652)
I thought about this and it would be a great idea. Today's solutions typically involve scanning a QR code and the Bitcoin wallet sends the transaction over the Internet. But when you have poor signal, this does not work well.

Instead, a Bitcoin wallet could send the transaction (a few hundred bytes) over NFC. This gives an extra advantage: the point-of-sale would broadcast the transaction to hundreds of Bitcoin p2p nodes itself, hence reducing the risk of accepting a zero-confirmation transaction!

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Re:PayPal president David Marcus: Bitcoin is good, NFC is bad by 00rion on Tuesday December 10, 2013 @02:49PM (#6883183)
If it takes approximately 10 minutes to confirm a transaction, it seems like you would be putting merchants at risk. Perhaps some sort of bitcoin insurance would mitigate this risk for a small monthly fee.
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