It seems that much of the "bitcoin is great because it is feeless" stuff is going to get eaten up by the services/fraud reduction layer put on top of it, by stuff like this. Right now, including miner fees, it seems like the transaction cost of bitcoin is actually as high, if not higher, than most credit cards.
How do you see the fees finalizing? Will there still be a significant cost reduction for in person transactions once the industry has matured a bit more? (equivalent of CC transactions in terms of ease of use).
Either way, this is a cool idea, best of luck to you.
How do you see the fees finalizing? Will there still be a significant cost reduction for in person transactions once the industry has matured a bit more? (equivalent of CC transactions in terms of ease of use).
Either way, this is a cool idea, best of luck to you.