- *>1000X improvement in speed/cost for receiving payments.* Any machine or human can create a new Bitcoin address (or set of addresses) for free, instantly, anywhere, to receive bitcoin from any other devices on the internet. By contrast, opening up a bank account requires humans and paperwork, and can take days or weeks. Going from costly to zero cost, or from days to seconds is not a 10X improvement — it’s much more than that! This alone argues for Bitcoin as being uniquely suited for machine-to-machine transactions. https://medium.com/@21/true-micropayments-with-bitcoin-e64fec23ffd8#.dl2242jot Interesting new use of payment channels by 21. This is pretty much exactly what I have in mind for my payments implementation too.Received on Saturday, 13 February 2016 08:19:41 UTC
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