Bitcoin Toll road! A boon to modern transport!

cuddaloreappu

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Quote from: ANTIcentralized on October 07, 2014, 02:33:44 AM

Quote from: Ruthful on October 05, 2014, 05:58:10 PM

Quote from: Some1else0 on October 05, 2014, 05:36:43 PM

It would be really cool. You wouldn't have to worry about getting an Ezpass and loading that up as long as you have some Bitcoins in your wallet

.

Yeah, you only need to wait 10 minutes at the booth for the transaction to confirm Grin

Most merchants (toll road likely included) can safely accept a 0/unconfirmed transaction for smaller amounts as it costs a lot to attempt a double spend attack and these attacks only have a positive EV with larger amounts as they do not always succeed.

simple! would someone spend a billion dollars to double spend inorder to cheat a 2$ toll

ANTIcentralized

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Quote from: Ruthful on October 05, 2014, 05:58:10 PM

Quote from: Some1else0 on October 05, 2014, 05:36:43 PM

It would be really cool. You wouldn't have to worry about getting an Ezpass and loading that up as long as you have some Bitcoins in your wallet

.

Yeah, you only need to wait 10 minutes at the booth for the transaction to confirm Grin

Most merchants (toll road likely included) can safely accept a 0/unconfirmed transaction for smaller amounts as it costs a lot to attempt a double spend attack and these attacks only have a positive EV with larger amounts as they do not always succeed.

FUR11

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FURring bitcoin up since 1762

I guess funding a centralized payment system first wouldn't be any worse in this case. I guess it's not that easy to implement a system like the one you're suggesting. I don't see why we would want to use Bitcoin in this case?

Get.BTC.Now

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★☆★ dont let others hurt your sk

Quote from: Ruthful on October 05, 2014, 05:58:10 PM

Quote from: Some1else0 on October 05, 2014, 05:36:43 PM

It would be really cool. You wouldn't have to worry about getting an Ezpass and loading that up as long as you have some Bitcoins in your wallet

.

Yeah, you only need to wait 10 minutes at the booth for the transaction to confirm Grin

Cool pretty fast transaction!

doof

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Pay toll via Car RFID tag. Pay off CC with cointree.com.au or living room of sathoshi. Done.

Ruthful

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Quote from: Some1else0 on October 05, 2014, 05:36:43 PM

It would be really cool. You wouldn't have to worry about getting an Ezpass and loading that up as long as you have some Bitcoins in your wallet

.

Yeah, you only need to wait 10 minutes at the booth for the transaction to confirm Grin

Some1else0

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It would be really cool. You wouldn't have to worry about getting an Ezpass and loading that up as long as you have some Bitcoins in your wallet

.

Ruthful

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Quote from: cuddaloreappu on October 04, 2014, 10:48:06 PM

ok there are lot of people here who argue that there is already a payment system like easypass and many others in various countries which give all these convenience and hence doing th same with bitcoin is not necessary..

but a fundamental realization is that how much easy pass and similar charge you for using those services? and compare it with the charges when the same is used of bitcoin?

without doubt they would fail and bitcoin based tech would win?

Considering such bitcoin based system still doesn't exist ,I would love to see the cost comparison.Somehow I doubt the bitcoin system would be cost competitive enough (considering using bitcoin itself isn't cheaper than fiat) at the moment.

mnmShadyBTC

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Quote from: jbreher on October 05, 2014, 02:57:31 PM

Quote from: BTCmoons on October 05, 2014, 02:23:43 PM

I believe that easy pass is actually free to use.

EZ Pass isn't free. It is factored into the cost of sales for whomever operates the toll road.

I would think that any system that uses bitcoin on a toll road would not be free either. Paying the toll would be very cheap however the operator of the toll road would need to invest in some technology to track which cars have paid

jbreher

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Quote from: BTCmoons on October 05, 2014, 02:23:43 PM

I believe that easy pass is actually free to use.

EZ Pass isn't free. It is factored into the cost of sales for whomever operates the toll road.

BTCmoons

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Quote from: cuddaloreappu on October 04, 2014, 10:48:06 PM

ok there are lot of people here who argue that there is already a payment system like easypass and many others in various countries which give all these convenience and hence doing th same with bitcoin is not necessary..

but a fundamental realization is that how much easy pass and similar charge you for using those services? and compare it with the charges when the same is used of bitcoin?

without doubt they would fail and bitcoin based tech would win?

I believe that easy pass is actually free to use. I would argue that we may well see a similar version of easy pass but is prepaid with bitcoin rather then with your bank account/your credit card.

cuddaloreappu

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ok there are lot of people here who argue that there is already a payment system like easypass and many others in various countries which give all these convenience and hence doing th same with bitcoin is not necessary..

but a fundamental realization is that how much easy pass and similar charge you for using those services? and compare it with the charges when the same is used of bitcoin?

without doubt they would fail and bitcoin based tech would win?

Window2Wall

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Quote from: blumangroup on October 02, 2014, 12:36:26 PM

Quote from: Cryptopher on September 30, 2014, 02:43:41 PM

Quote from: Ruthful on September 30, 2014, 02:20:47 PM

Quote from: Cryptopher on September 30, 2014, 02:06:52 PM

How about just being able to pay for the EZ Pass using Bitcoin in advance in any case?

You can already do that with the current system using fiat.It ranges from topping off at the ATM to doing it online or even by SMS.

Sure, but I mean if people want to spend Bitcoin they should be able to have the option do it in advance and not have to fret about sending coin while in motion, which seems impractical. It would have to be automated in practice.

It is not possible to send payment in an automated fashion unless you give up some control over the private keys of the address you are using to send the money.

I like the idea of using bitcoin to "refill" the balance on an easypass and continue to use an easypass in the same way that commuters do today

I agree. If you wanted to give up control of your private keys then you might as well prepay your easy pass with bitcoin (or fiat) and use that system as it works today.

On 495 near DC there are HOT (high occupancy toll) lanes that utilize the easy pass system that allow people to get on and off HOT lanes at high rates of speed and their account will be automatically debited the appropriate toll

CrackedLogic

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Quote from: yokosan on September 30, 2014, 01:58:46 PM

this has been in japan for years... (without bitcoin)

You drive through and the car speaks telling you how much you just paid.

What, that's insane. Now that with bitcoin, is practically OP's dream come true.

martinnew

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Accepting BTC to buy easypass will be a good thing already. As well as buying transport tickets and other fees.

blumangroup

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'Slow and steady wins the race'

Quote from: Cryptopher on September 30, 2014, 02:43:41 PM

Quote from: Ruthful on September 30, 2014, 02:20:47 PM

Quote from: Cryptopher on September 30, 2014, 02:06:52 PM

How about just being able to pay for the EZ Pass using Bitcoin in advance in any case?

You can already do that with the current system using fiat.It ranges from topping off at the ATM to doing it online or even by SMS.

Sure, but I mean if people want to spend Bitcoin they should be able to have the option do it in advance and not have to fret about sending coin while in motion, which seems impractical. It would have to be automated in practice.

It is not possible to send payment in an automated fashion unless you give up some control over the private keys of the address you are using to send the money.

I like the idea of using bitcoin to "refill" the balance on an easypass and continue to use an easypass in the same way that commuters do today

blatchcorn

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Somehow I do not think this will be Bitcoin's killer app Cheesy

Daengineer

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As far as having a system to pay the bitcoin out they already use systems like this. The car doesnt have to have WiFi the toll stations just need it when it passes the check point it reads your member id then charges your account with the information you signed up with

jbreher

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Hereabouts, we all just drive at 75 mph past the toll point. Cameras take a pic of the driver and the license plate, the computing back end gets your address from registration records, and you are mailed a bill. No special equipment required.

Yeah, the privacy issues bug me too. C'est la guerre.

A couple years back, some organization that specializes in processing payments to governments (utilities, court costs, licensure, parking, etc.) was accepting bitcoin. I wonder if they still do, and if so, whether we here can pay our tolls that way. Thanks for prompting the question in my mind.

Cryptopher

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Keep it dense, yeah?

Quote from: Ruthful on September 30, 2014, 02:20:47 PM

Quote from: Cryptopher on September 30, 2014, 02:06:52 PM

How about just being able to pay for the EZ Pass using Bitcoin in advance in any case?

You can already do that with the current system using fiat.It ranges from topping off at the ATM to doing it online or even by SMS.

Sure, but I mean if people want to spend Bitcoin they should be able to have the option do it in advance and not have to fret about sending coin while in motion, which seems impractical. It would have to be automated in practice.

Topic: Bitcoin Toll road! A boon to modern transport! (Read 4572 times)