How crypto flips commerce on it's head

3년 전

I was taking my son to get a haircut yesterday, while waiting I was holding $20 in my pocket ready to pay when I had a thought.

Cryptocurrency flips commerce on it's head

Before I explain what I mean, let me explain how I got there.

I'm holding this $20 thinking what if they took Bitcoin. I started to think about how a small transaction like this would look like with fees. The fees shift a lot, but they are much more reasonable now than a while ago. At this point it dawned on me, I'm worrying about the fees, not the barber.

Businesses are typically responsible for transaction fees, it's a cost of doing business. If crypto becomes mainstream and is used for every day purchases, this is now the responsibility of the consumer. This is a very dramatic change in how business is conducted. This will almost definitely work in the business side's favor. Prices will not likely lower to reflect this shift of responsibility.

While it isn't a big deal for large purchases, the majority of purchases on a day to day basis are likely $20 or less. The worst case scenario for Bitcoin transactions.

But the lightning network solves this problem

I am familiar with how the Lightning network aims to help in this regard, but that just brings us back to a centralized banking style system.

Zero transaction fee crypto

This is a scenario where STEEM dominates, no transaction fee three second transactions would change the world in terms of day to day purchases on crypto currency. Imagine where Bitcoin would be if there was zero transactions fees in terms of adoption? I know this isn't sustainable for Bitcoin and it likely would never exploded in price if there were no mining fees nor would the network be stable, but fun to think about.

Doesn't change much, but was a thought I had the other day that I found interesting.

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Steem and SBD seems to be more suitable for day-to-day small value transactions than bitcoin due to speed and low fees. With LN you still have to initially open the channel with someone, and both parties have to be online.

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Help @ipromote set free the snake of envy in his/her heart! He/she is a lunatic!

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Help @ipromote set free the snake of envy in his/her heart! He/she is a lunatic!

@ipromote must be an ugly and old person! He/she wants to be famous by flagging other people's blogs! What he/she has only is money! He must have a horrible face like demon/vampire!

It's said that vampire loves to suck blood of other people in the western society. Maybe vampire is living in a big house with a lot of money, but he always has a bloody red mouth! Nobody really likes him!
@ipromote is like a vampire of Steemit!

He/she always tries his best to suck my blood. But God knows how painful it is for vampire to suck blood every day. Vampire can't live like a normal person.

In ancient China, there was such kind of story, too. A man named Hu contracted a disease: everyday he must eat the flesh of a child. So when we were a child , our mother told us not to cry, otherwise we would be found and eaten by that Hu who must eat child's meat each day!
God knows Hu was also very miserable! He just developed a kind of odd illness. If he didn't eat child's flesh, he would keep vomiting.
This time, @ipromote flagged all my 3 blogs at a stroke for no reason, I am really shocked!
Maybe he/she will keep vomiting if he doesn't flag other people's blog everyday!
I forgive him and pray for him/her! May God heal @ipromote!

The zero transaction fee and the three second transaction time is what is going to boost the steem blockchain and make it wildly adopted by many users in the years to come.

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Thank you for your loving me so much, dear @ipromote! I really don't know you love me So so so deeply, I feel so proud and happy to be remembered by you all along! Later I will reward you by helping Resteem your posts! Thank you again, my great international fan!


source

Sorry, I even don't know which country you are in. Do you mind your telling me about it? I love your invariablity and loyalty to me!

Please always remember: When you're envied and ruined by your enimies, don't feel sad and angry! Because your enemies are just your biggest fans! They appreciate you and realize your value more than anyone else!

Love/envy is the strongest power in our world! Love/Envy can make people crazy and do what they even don't know themselves!

There is a famous saying from the Chinese literary magnate Luxu鲁迅: One who can't be envied by people is a mediocrity!

Should I feel proud that I am unexpectedly envied by a
foreigner who I even don't know which country he/she is-- a male or a female, young or old?

The internet world is really very ridiculous! In this special world, you can be loved or envied by a stranger whom you never have chance to see or meet in reality!

Somehow, I unexpectedly got my foreigner fans! There're so many Steemiars, but my foreigner fan Only pays close attention to me all along! As far as I know, Only love and envy can let people remain loyal!

I've nearly forgotten "my foreign fans", because I'm busy in learning knowledge from our PMI training courses and I feel so fulfilling. Suddenly I find all my recent Steemit blogs were flagged by "my foreign fan" @ipromot for no reason! my first response is he/she must be mad! To shocked! I really can't understand why people can be so evil sometimes! The only reasonable explanation is I am envied by"my foreign fan"!

I admit that I have had an impulse: Give me a gun! I want to shot him/her(@ipromote) immediately! But I clearly know how evil people can be when they get bitten by the snake of envy!

It seems that the nature of human beings are the same! Foreigners are even more horrible than Chinese!

How can we get rid of the snake of envy in our heart? It's really a big problem! I wish my blog can help set free that snake in the heart of "my foreign fan" @ipromote!

Even if he/she flags all my Steemit blogs, it is worthwhile! For @ipromote, the most important thing is money! but for me, the most important thing is to be remembered and loved! The sincere friendship is more valuable than a Ruby!

Especially an international friendship--knowing I have no chance to know who he/she @impromote is in reality this life:

So I wrote this letter of Thanks to @ipromote! I cherish his/her remembering me for such a long time!

At the same time, I also sincerely pray to God! Help set free that snake of envy in the heart of @ipromote! He/she really doesn't know what he/she is doing! Please sow the seeds of love in his/her heart!


谢谢@ipromote一直以来的关注!你的敌人是你最大的粉丝!

Agree with you @ipromote, that is why Steemit is so amazing and that is why it wins over all other crypto. Steemit is just waiting for it's popularity, if it integrates with payment methods it will be awesome. Just imagine paying for haircut with upvoting, if you have enought SP :)

Here is why I love Steemit:

wow. tremendous movement. very great. who photographed it was very great know how it can be amazing results it. once great😲😲😲👍👍👍👍👍👍👍👍👍👍👍👍☝☝☝☝☝☝☝☝☝☝☝☝☝☝

@ipromote your right bro I already suggest some to someone who wrote about same things that who local shop will move to cryptocurrency and set their payment method as an in any crypto coin so everybody know about Bitcoin and their transaction fees is too much and then they will never look at others but expect STEEM and STEEM DOLLAR all coins have their transaction fees so for locals this is too good and apply this in there payment method it will boots there revenue and and also use this paltform for adversitement and they will get a lots of sell form this network I have Ideas and I will work on those in future :D

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Help @ipromote set free the snake of envy in his/her heart! He/she is a lunatic!
@ipromote must be an ugly and old person! He/she wants to be famous by flagging other people's blogs! What he/she has only is money! He must have a horrible face like demon/vampire!

I agree! I think there will be a huge change if crypto will enter the mainstream market. Well, the winner will be us crypto holders if that happens.

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Since you have enough Steempower, I wish you spend them by flagging all my blogs! I'll setup more Steemit accounts in order to allow you spend your Steempower!
Please remember: Every time you flag other people's blogs, you just waste your own Steempower! My accounts are zero! I can set up a lot of empty Steemit accounts! I love to play with wealthy Steemians like you @ipromote! The play of poor people and rich people are most wonderful! Most of wealthy people just keep away from poor people! Only you love to keep in touch with poor people! Thank you so much!

But it's the same now. When you pay with credit card, some sellers charge that fee to a customer.

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Since you have enough Steempower, I wish you spend them by flagging all my blogs! I'll setup more Steemit accounts in order to allow you spend your Steempower!
Please remember: Every time you flag other people's blogs, you just waste your own Steempower! My accounts are zero! I can set up a lot of empty Steemit accounts! I love to play with wealthy Steemians like you @ipromote! The play of poor people and rich people are most wonderful! Most of wealthy people just keep away from poor people! Only you love to keep in touch with poor people! Thank you so much!

Great post. But I don't see the transaction fee for bitcoin to reduce.

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Since you have enough Steempower, I wish you spend them by flagging all my blogs! I'll setup more Steemit accounts in order to allow you spend your Steempower!
Please remember: Every time you flag other people's blogs, you just waste your own Steempower! My accounts are zero! I can set up a lot of empty Steemit accounts! I love to play with wealthy Steemians like you @ipromote! The play of poor people and rich people are most wonderful! Most of wealthy people just keep away from poor people! Only you love to keep in touch with poor people! Thank you so much!

So what did we learn today ?

STEEMIT IS THE BESSST STEEM IS GREATEST :)

sorry i got hyped

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Since you have enough Steempower, I wish you spend them by flagging all my blogs! I'll setup more Steemit accounts in order to allow you spend your Steempower!
Please remember: Every time you flag other people's blogs, you just waste your own Steempower! My accounts are zero! I can set up a lot of empty Steemit accounts! I love to play with wealthy Steemians like you @ipromote! The play of poor people and rich people are most wonderful! Most of wealthy people just keep away from poor people! Only you love to keep in touch with poor people! Thank you so much!

I don't think this is as big a deal as you are making it out to be. In most cases buyers are not so price sensitive that a percent or two difference will make for that much difference in volume. Certain markets, sure, but not the majority.

If my haircut is 18.95 or 19.26 doesn't make that much difference.

Indeed, in many independent businesses you can ask for a cash discount and get it.

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Since you have enough Steempower, I wish you spend them by flagging all my blogs! I'll setup more Steemit accounts in order to allow you spend your Steempower!
Please remember: Every time you flag other people's blogs, you just waste your own Steempower! My accounts are zero! I can set up a lot of empty Steemit accounts! I love to play with wealthy Steemians like you @ipromote! The play of poor people and rich people are most wonderful! Most of wealthy people just keep away from poor people! Only you love to keep in touch with poor people! Thank you so much!

hopefully future changes can be useful for many people.

The Lightning Network for me, sadly, is not the messiah coming to save bitcoin like everyone wants it to be, Its too centralized, there's still a fee for opening a channel and if you take segwit adoption numbers as a reference for how the LN will be adopted.... well... lets not go there....

Steem on the other hand has an advantage with the no transactions and 3 second transfer times, but if you are running a business that does many transactions you would probably need to do a small investment in Steem to get enough bandwidth but that would still be your own money but invested in Steem instead of money going into miner's pockets.

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Help @ipromote set free the snake of envy in his/her heart! He/she is a lunatic!

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Help @ipromote set free the snake of envy in his/her heart! He/she is a lunatic!

·
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Since you have enough Steempower, I wish you spend them by flagging all my blogs! I'll setup more Steemit accounts in order to allow you spend your Steempower!
Please remember: Every time you flag other people's blogs, you just waste your own Steempower! My accounts are zero! I can set up a lot of empty Steemit accounts! I love to play with wealthy Steemians like you @ipromote! The play of poor people and rich people are most wonderful! Most of wealthy people just keep away from poor people! Only you love to keep in touch with poor people! Thank you so much!

Since you have enough Steempower, I wish you spend them by flagging all my blogs! I'll setup more Steemit accounts in order to allow you spend your Steempower!
Please remember: Every time you flag other people's blogs, you just waste your own Steempower! My accounts are zero! I can set up a lot of empty Steemit accounts! I love to play with wealthy Steemians like you @ipromote! The play of poor people and rich people are most wonderful! Most of wealthy people just keep away from poor people! Only you love to keep in touch with poor people! Thank you so much!

Do you know there is a vampire in Steemit community? read this story!
https://steemit.com/ulog/@goldenpath/the-story-of-the-vampire-of-steemit

Beware! all Steemians, the vampire of the Steemit is coming! Sometimes he pretends to be a good parent, leading the son to cut hair. In fact that child is not his/her son, after returning home, the vampire just begins to suck the blood of that poor child!
Do you want to know how he/she sucks blood of that child cruelly?
I'll tell you next time! But make sure to Keep away from the vampire of Steemit from now on!

True, he/she always treats you very well at first time, upvoting your blogs and sending you SBD, once you love and trust him/her, it is just the time for him/her to change you into a child , taking you to cut hair, then he/she will begin to suck your blood.
The vampire of Steemit also wants to change me into a
child, sucking my blood, pitifully he/she knows that there is no way to meet me in reality, even if he/she treats me very well, earning my love and trust, it is useless! He/she can't take me to cut hair in reality! He/she becomes so angry and upset each day, a vicious thought came to him/her, he/she flagged all my recent 3 wonderful blogs at a stroke!
It is just the vampire of Steemit!
All dear Steemiars, keep away from him/her! Once you're found by the vampire of Steemit, you just begin to have your nightmare!
I doubt that poor child his/her blog wrote has been dead now! But soon later we can read the next blog of the vampire in Steemit: He/she takes a daughter to cut hair happily!
I have warned you all here! Don't be enticed and fooled by the vampire of Steemit by getting his/her upvotes and a little SBD! Never never trust the vampire of Steemit, if you are led by him/her to cut hair, even God can also have no way to save you!
At first he/she sucks the blood of your body, then he/she
cuts your body into pieces, mixing some salt, some sauces, some oils, some garlics and scallions together, ready to be fried! Every time you visit him/her at home, you're attracted by his/her pot-stewed meat, oh! God! What a delicious smell!
But he/she seldom invites you to taste his/her meat! He/she doesn't want people to know he/she is eating the human's flesh!
Yeah, he/she is eating the human's flesh every day in secret!
Do you know why? If he/she doesn't eat human's flesh,
he/she will keep vomiting all day long!
It is said that one day he failed to find an aim, without sucking child's blood and eating flesh, he/she vomited fiercely and painfully. His/her whole house was covered by the odorous vomits. Too horrible!
God! I pray to you sincerely! Help the vampire of Steemit! Help him/her! Demon lives in his/her body! He/she is controlled by a horrible orge!
Once a time, the vampire of Steemit was also a normal person, but he/she sold his/her soul to the demon/orge because demon promised him/her a lot of money! In fact, the demon looked for a lot of people as exchange, being denied! Only the vampire of Steemit agreed!
He/she is serving the demon/orge!
If he/she can't satisfy the demon/orge, he/she will be tortured to throw up to death!
We normal people love to serve God! God tells us not to be greedy in money, always remember to nourish our mind, having a healthy body! The vampire of Steemit becomes so envious of me, since I look so healthy and sunshine! I serve God every moment!
I firmly believe God will triumph over the demon/orge!
Just serve God piously! Amen!
There's another life after death! No matter in western or eastern religion, it is the same! In another life the vampire of Steemit will suffer in the burning fire of the hell forever! Because he/her has betrayed God, serving demom all along! God has prepared the buring fire for him/her!
Hullelujah! Immanuel!

Give me a gun! Let me shot the vampire of Steemit!
He/she has a big big big big big red mouth!
吸血鬼吸血鬼吸血鬼!

For @ipromote, he/she only wants to show off his Steempower and be famous by flagging other people's blogs!
He/she must want to be famous to death!
If you really have enough money,it is OK! You shouldn't exert your power online, nobody knows who you are! You can't be famous! Nobody knows who you are!
You'd better post your real photo like me!
Maybe you're an old and ugly person! People like you must be ugly!

Help@ipromote set free the snake of envy in his/her heart! He/she is a lunatic!

Since you have enough Steempower, I wish you spend them by flagging all my blogs! I'll setup more Steemit accounts in order to allow you spend your Steempower!
Please remember: Every time you flag other people's blogs, you just waste your own Steempower! My accounts are zero! I can set up a lot of empty Steemit accounts! I love to play with wealthy Steemians like you @ipromote! The play of poor people and rich people are most wonderful! Most of wealthy people just keep away from poor people! Only you love to keep in touch with poor people! Thank you so much!

Since you have enough Steempower, I wish you spend them by flagging all my blogs! I'll setup more Steemit accounts in order to allow you spend your Steempower!
Please remember: Every time you flag other people's blogs, you just waste your own Steempower! My accounts are zero! I can set up a lot of empty Steemit accounts! I love to play with wealthy Steemians like you @ipromote! The play of poor people and rich people are most wonderful! Most of wealthy people just keep away from poor people! Only you love to keep in touch with poor people! Thank you so much!

·

Since you have enough Steempower, I wish you spend them by flagging all my blogs! I'll setup more Steemit accounts in order to allow you spend your Steempower!
Please remember: Every time you flag other people's blogs, you just waste your own Steempower! My accounts are zero! I can set up a lot of empty Steemit accounts! I love to play with wealthy Steemians like you @ipromote! The play of poor people and rich people are most wonderful! Most of wealthy people just keep away from poor people! Only you love to keep in touch with poor people! Thank you so much!

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Since you have enough Steempower, I wish you spend them by flagging all my blogs! I'll setup more Steemit accounts in order to allow you spend your Steempower!
Please remember: Every time you flag other people's blogs, you just waste your own Steempower! My accounts are zero! I can set up a lot of empty Steemit accounts! I love to play with wealthy Steemians like you @ipromote! The play of poor people and rich people are most wonderful! Most of wealthy people just keep away from poor people! Only you love to keep in touch with poor people! Thank you so much!