Funny how destabilized (by US sanctions) nations turn to bitcoin to start up their economies. So, HRC has that the wrong way around, in typical fashion.
I saw a video article, a couple of years ago, about remote cafés in some South American country accepting bitcoin for their coffees, in an article about how the currency was inflating so fast that café owners had to raise the prices three times a day just to keep up. They preferred accepting Bitcoin.
Sorry can't provide link, I can't remember what channel showed it.
This comment needs to be posted anytime someone posts about bitcoin being "inconvenient" or "difficult to adopt". Once hyperinflation kicks in and the CBDCs start rolling out, normies are going to be panicking for any off-ramp they can find, and they will be willing to put in the work to learn.
Pretty much how all phone wallets works, so called hot wallets, not to be confused with centralized exchanges which should never be used.
An address can be in the range of 30-60 characters, you never type it all by hand due to the risk of making a mistake, on a computer you copy and paste it, then check to make sure it wasn't altered (virus and malware could do such fuckery), and on a phone you scan a QR code, great technology really, very simple and not much that can go wrong.
The store can use a public front end for their wallet which generates new keys, or simply one or more slips of papers with public keys then rotate them regularly depending on their need for privacy. Point is, the store doesn't even need to have computers there on site, it's good if they have one device tho so that they can verify the transaction on their own, this is done by simply scanning the same QR code.
As for risk of robberies it's nonexistent, because nothing moves without the private key, and no store ever needs to have their private keys on site.
It's all really convenient, and every day it keeps getting better with new UI's and tools to interact and manage it. All of it open source.
Funny how destabilized (by US sanctions) nations turn to bitcoin to start up their economies. So, HRC has that the wrong way around, in typical fashion.
I saw a video article, a couple of years ago, about remote cafés in some South American country accepting bitcoin for their coffees, in an article about how the currency was inflating so fast that café owners had to raise the prices three times a day just to keep up. They preferred accepting Bitcoin.
Sorry can't provide link, I can't remember what channel showed it.
This comment needs to be posted anytime someone posts about bitcoin being "inconvenient" or "difficult to adopt". Once hyperinflation kicks in and the CBDCs start rolling out, normies are going to be panicking for any off-ramp they can find, and they will be willing to put in the work to learn.
It s no longer difficult to adopt, from what I remember, people used their phones, logged into their account and took a picture of the code, to pay.
Pretty much how all phone wallets works, so called hot wallets, not to be confused with centralized exchanges which should never be used.
An address can be in the range of 30-60 characters, you never type it all by hand due to the risk of making a mistake, on a computer you copy and paste it, then check to make sure it wasn't altered (virus and malware could do such fuckery), and on a phone you scan a QR code, great technology really, very simple and not much that can go wrong.
The store can use a public front end for their wallet which generates new keys, or simply one or more slips of papers with public keys then rotate them regularly depending on their need for privacy. Point is, the store doesn't even need to have computers there on site, it's good if they have one device tho so that they can verify the transaction on their own, this is done by simply scanning the same QR code.
As for risk of robberies it's nonexistent, because nothing moves without the private key, and no store ever needs to have their private keys on site.
It's all really convenient, and every day it keeps getting better with new UI's and tools to interact and manage it. All of it open source.
General Flynn said in a tweet Bitcoin is digital gold.