Topic: Choice of altcoin for a micro-earnings service. Need advice. (Read 72 times)

Hi there,

We are 2Captcha.com and asking for an advice from the bitcoin community. As an online CAPTCHA-bypass service that relies on human data entry to solve the captchas for the end user, some of our problematic (not in a bad sense) data entry staff are people from India, Venezuela, the Philippines and like countries. They are not permanent employees and they don’t make a lot of money, but the company’s policy is regular payouts regardless of the amount earned, and of course we used Bitcoin: easy to cash out, universally accepted, and very reasonable fees.

Up until last Thursday even 30 sat/byte was fee enough for the transaction to be eventually relayed, and unfortunately this is not the case anymore for us legal penny-flooders, as now we’re looking at $2.5’s worth in fees per confirmed transaction (and I suspect we will see it climb higher still before very long). It’s all very well, but in the context of my post it spells the end of Bitcoin as a payment system for us.

So how do we deliver micropayments to their recipients these days? An obvious answer is to eliminate the fees by transferring the money in-platform with a reputable service, and payments inside Coinbase, Coins.ph, and Uphold are our [temporary] solution, but it’s less than convenient or fair for our associates, whose earnings are effectively fee-locked inside the platform until a minimum feasible withdraw amount is reached.

Ethereum was looking good, but then along came the kitties, and cute as they are, it got ugly fast on the block. BitcoinCash? It still prioritizes transactions by fee, which means that if it fizzles, why bother in the first place, but if it sizzles hot enough, a block size limit of 8M is still after all a limit. An artificial restriction.

So, in the context of this post, which cryptocurrency of today you would say looks like the optimal choice as the micropayment instrument of tomorrow? Something that makes sending and receiving payments as low as $0.50 not only possible but economically feasible, and remains so long-term.