Topic: Is the future of Bitcoin commerce moving towards off chain? (Read 362 times)
I see that this is just the sort of form to find a way out of the problems still unresolved in the bitcoin. Now that a lot of people who worry about the growth of the bitcoin by looking at the results of the confirmation of every transaction that exists, where each confirmation now takes a lot of time. There is no possibility that this will be the end of the bitcoin or maybe Egifter just want to get a quick capital in order to provide a better thing again. So, not a problem if they do not provide a rule about waiting for the confirmation of the new get the desired
I noticed the other day that Egifter is now only accepting Bitcoin payments via a Coinbase account. And it looks like Gyft.com has added Coinbase integration too, presumably with the intention of squeezing out vanilla Bitcoin payments eventually.
I assume the main reason for this is cut out on chain transactions as they're now too expensive and slow to get the confirmations they need to release digital goods safely.
Is this a short term blip or the wave of the future? It's a little uninspiring if it's the latter.
I assume the main reason for this is cut out on chain transactions as they're now too expensive and slow to get the confirmations they need to release digital goods safely.
Is this a short term blip or the wave of the future? It's a little uninspiring if it's the latter.
Adding payment processors allows companies to receive fiat in their bank accounts, taking out the effect of bitcoin volatility. I am not sure about Egifter and gyft.com, but this could be a reason for other companies, who primarily deal in fiat, to add payment processors.
I noticed the other day that Egifter is now only accepting Bitcoin payments via a Coinbase account. And it looks like Gyft.com has added Coinbase integration too, presumably with the intention of squeezing out vanilla Bitcoin payments eventually.
I assume the main reason for this is cut out on chain transactions as they're now too expensive and slow to get the confirmations they need to release digital goods safely.
Is this a short term blip or the wave of the future? It's a little uninspiring if it's the latter.
I assume the main reason for this is cut out on chain transactions as they're now too expensive and slow to get the confirmations they need to release digital goods safely.
Is this a short term blip or the wave of the future? It's a little uninspiring if it's the latter.
It likely has nothing to do with fees or confirmation times and is more likely about the origination of the bitcoins.
I bet Egifter has outsourced any bitcoin liabilities to Coinbase, who ensures they are clean by allowing the transfers.
If I am correct, this would be a sign that Bitcoin's fungibility is not "good enough" as others would like to believe.
A day may come where the only bitcoins accepted by businesses need to come through a "KYC/AML clearing house".
If that indeed happens, then all "dirty coins" are worthless with legal businesses.
This issue, if I am correct, will become more common unless something can be done, like a "protocolled mix-mining".
(As to your original question, most small amounts of btc (10 USD or less?) will likely be mostly offchain.)
I noticed the other day that Egifter is now only accepting Bitcoin payments via a Coinbase account. And it looks like Gyft.com has added Coinbase integration too, presumably with the intention of squeezing out vanilla Bitcoin payments eventually.
I assume the main reason for this is cut out on chain transactions as they're now too expensive and slow to get the confirmations they need to release digital goods safely.
Is this a short term blip or the wave of the future? It's a little uninspiring if it's the latter.
I assume the main reason for this is cut out on chain transactions as they're now too expensive and slow to get the confirmations they need to release digital goods safely.
Is this a short term blip or the wave of the future? It's a little uninspiring if it's the latter.
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