Could BitTag Replace Cashiers?
BitTag could spark a new wave of Bitcoin merchant adoption. While the advantages of accepting bitcoins as an online merchant are rather obvious, BitTag thinks that it can help bring the digital currency to more brick-and-mortar stores. This "physical price tag for a digital currency" allows consumers to see the price of a particular item in both fiat currency and bitcoins at the same time. The price in bitcoins is then updated every minute until the shopper decides to make the purchase. BitTag can also be used with any other altcoin supported by the merchant. Paying on the Spot. Another....
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For most brick-and-mortar bitcoin merchants, collecting payments is as simple as selecting a processor and advertising to the bitcoin community. Pain points still persist though, most notably when it comes to converting fiat prices to bitcoin prices. As our Bitcoin Price Index (BPI) illustrates daily, it's not the kind of task you want to handle with a chalkboard. That's where BitTag aims to provide support. The brainchild of London-based hardware prototype designer Samuel Cox, BitTag attempts to solve this existing bitcoin pricing issue by automatically updating the price of bitcoin on....
On this episode of "The Van Wirdum Sjorsnado," the hosts discussed Bitcoin transaction trick replace by fee. The post The Advantages And Drawbacks Of Replace By Fee appeared first on Bitcoin Magazine.
The heated debate in the Bitcoin community throughout the past months not only concerns the block size dispute. Another technical change at the center of conflict is replace-by-fee, a version of which was included in the latest release of Bitcoin Core – while the next version of Bitcoin Classic will have no replace-by-fee at all. An often-heard criticism against replace-by-fee is that it creates new problems while it doesn't really solve any existing ones. But that criticism is questionable. What is replace-by-fee? Replace-by-fee is a mempool policy. Mempools are collections of unconfirmed....
Parsing the history of money, stock-to-flow ratio transaction costs and other critical metrics demonstrates that bitcoin will replace gold. The post Pass The Baton Already: Why Bitcoin Is Poised To Replace Gold appeared first on Bitcoin Magazine.
"We are not like Libra and we don’t have an ambition to replace existing currencies,” said a former governor of the People's Bank of China.