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  • Showing only topics in ~tech with the tag "cryptocurrency". Back to normal view / Search all groups
    1. After all this time watching cryptocurrency from a distance, I have finally seen a real world use case. Marijuana is legal in this US state, however national banks are not allowed to service the...

      After all this time watching cryptocurrency from a distance, I have finally seen a real world use case.

      Marijuana is legal in this US state, however national banks are not allowed to service the marijuana industry due to federal law. Therefore all card processing is not available to the retail outlets. It’s only cash transactions at the retail level.

      Until today. Today I was asked if I wanted to pay with a debit card. When I asked how, he said they used litecoin. So I imagine that the card is being run by a company which then converts it to litecoin to pay the merchant. Anyone have any clue on what that might cost the merchant as far as percentage?

      I thought I would share this because after hearing all hype rollercoaster regarding cryptocurrency, I have finally seen a somewhat legitimate use of it in the real world.

      Do you see any other use cases of crypto out in the wild these days?

      13 votes
    2. Everyone hates ads. Frankly, no one wants to pay for anything online. And places like CoinHive offer a service that doesn't clutter the screen and pays people. Too good to be true right? Well the...

      Everyone hates ads. Frankly, no one wants to pay for anything online. And places like CoinHive offer a service that doesn't clutter the screen and pays people. Too good to be true right? Well the first group of people to latch on the service ramped up the mines to 8 threads at 100% because they were hackers and didn't care if they slowed your computer or drained your battery. They just wanted their almost untraceable money.

      What I'm proposing is that if sites were to use miners that instead use 2/4 threads at 10% thereby using far less resources, across enough users provided your traffic is ok, could the results be tangible if we gave it a chance?

      edit: I hate cryptocurrency but I was more trying to discuss the idea of getting paid for passive CPU usage more described in this comment by @spctrvl

      23 votes
    3. Blockchain

      Well hello, I'm still learning about the blockchain day by day and it's quit interesting to try to "predict" the future use of this technology. But i have my own doubts.(maybe I'm still lacking in...

      Well hello,
      I'm still learning about the blockchain day by day and it's quit interesting to try to "predict" the future use of this technology. But i have my own doubts.(maybe I'm still lacking in research)

      1. If everything will be decentralised, how will you make the profit out of it?(business point of view)
      2. If you have million dollar today to work on blockchain technology what business would you get into to get appropriate profit in near future?(Of course excluding those exchange of cryptos)
        P.S: You are not a tech company and just want to enter in the field.
      6 votes