QuotableSatoshi on Nostr: Forgot to add the good part about micropayments. While I don't think Bitcoin is ...
Forgot to add the good part about micropayments. While I don't think Bitcoin is practical for smaller micropayments right now, it will eventually be as storage and bandwidth costs continue to fall. If Bitcoin catches on on a big scale, it may already be the case by that time. Another way they can become more practical is if I implement client-only mode and the number of network nodes consolidates into a smaller number of professional server farms. Whatever size micropayments you need will eventually be practical. I think in 5 or 10 years, the bandwidth and storage will seem trivial.
Published at
2024-09-04 12:21:02Event JSON
{
"id": "a0ede30c88d7a20da16fefcac45aafc32cb4294637b64f4710cb60d6b2762be4",
"pubkey": "87570647ca3b7549e66cb6c4bb8d197f5bc91de73b58eb1ade78c8ddd5fec7eb",
"created_at": 1725452462,
"kind": 1,
"tags": [],
"content": "Forgot to add the good part about micropayments. While I don't think Bitcoin is practical for smaller micropayments right now, it will eventually be as storage and bandwidth costs continue to fall. If Bitcoin catches on on a big scale, it may already be the case by that time. Another way they can become more practical is if I implement client-only mode and the number of network nodes consolidates into a smaller number of professional server farms. Whatever size micropayments you need will eventually be practical. I think in 5 or 10 years, the bandwidth and storage will seem trivial.",
"sig": "e0e6bf759ae26e7f82f3d66657f09249168252cd71840230e94670b04c07e0ba008270124c9f4cb3a319574adf20211c7fd3c831cfc1f87b70e1644b8a5af8a9"
}
