Hard for people not computers
Why very small payments are hard: "it's important to distinguish between technological and mental transaction costs", and the latter are usually more important. https://archive.is/fzL0I http://nakamotoinstitute.org/static/docs/micropayments-and-mental-transaction-costs.pdf … …
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Hard also for computers to know what the people want.
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True- though algos already able to approximate “want” consistent & comfortable enough w past behavior that ppl are often willing to settle. Ai-curated Spotify playlists, e.g., spare users mental transaction costs via (less expensive) computational costs; and sound
enough
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In you master Satoshi we trust
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I can’t believe this worked! Til the day I die. I won’t believe but I’m all in now b/c isn’t not about belief. Thanks for pioneering us to get to this place!! :)
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third time lucky!!! yep mental - i got it this first time. lol
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You are overthinking it a little. Right now small payments are hard because the transaction limit is artificially constrained to the bandwidth of a 1995 14K modem and users have to out bid each other to transact.
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Then there is SAP, which screws up everything.
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2 hands. Done.
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So the problem with Iota is finding an incentive for someone to use the brain power required to make such a transaction. Although, It might work with Pandora given the right GUI. Thanks for posting. Now I can explain fungibility to my wife using electricity as an example.
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@EvgeniAverkin must-readThanks. Twitter will use this to make your timeline better. UndoUndo
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Great share nick!! Thanks for all you do
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The equivalent is a compelling counterpoint to my thesis that ocean cities will have efficient govts, due to low dollar cost of rearranging aquatory. Still, directionally, lower friction = higher volume, we're just debating the elasticity.
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Any working prototype either on Bitcoin or ethereum
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When can I use bitcoin to buy an apple? no commission fee, in 1 min!!
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Use Steem.
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