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Comment by ISL

Trades internal to Coinbase don't have to happen on the blockchain.

Source: http://blog.coinbase.com/post/57483182558/you-can-now-send-m...

If decentralized microtransactions could be done at sufficiently-negligible (sub $0.01? ) cost, I think it could have a major impact on the web. Nobody's yet figured out how to make it effortless, though. This implementation from Coinbase doesn't appear to be different from Flattr, which hasn't yet taken off.

Edit: With further thought, Coinbase may have more users than Flattr, and they already have real money in their accounts. Those differences alone could be significant.

parent ISL 12 years ago

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