this post was submitted on 23 Feb 2024
435 points (98.4% liked)
Technology
59666 readers
2672 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I'm extremely skeptical of crypto but micro payments and donations seem like one of the most plausible applications for it since the infrastructure can be operated for basically free to receive money and there isn't a large corporation taking a cut of every transaction unlike credit cards
Which crypto network are you talking about that can be operated for free? PoW is expensive and wasteful, and PoS is pretty much back to a regular database again.
At the end of the day here, this is a simple transaction ledger that doesn’t need to be turned into crypto, it just needs a party interested in moving the money around in these micropayments with minimal fees.