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Title: Fundamental questions about Crypto Post by: SuperEyeRoller on February 17, 2018, 06:55:07 AM These questions have been bothering me for quite a while now. Sorry if this has been discussed before. You opinion is highly appreciated.
- Financial institutions and businesses aim to adopt blockchain but isn’t this technology supposed to replace intermediaries? How can FI / businesses and blockchain co-exist? - If one is still obliged to pay transaction fees to miners / nodes, doesn’t it make them intermediaries and how is this different from conventional payment system from the customer's point of view? - Suppose I want to accept BTC or other digital currency for my services / products. Do I update the price in BTC on hourly / daily basis? What about NET 10, 30, 60 invoices? Is there a workaround for market volatility? - Compatibility: In the world of tomorrow how will all those numerous tokens and blockchains interact? Will we have to keep track of multiple wallets for taxi, utilities, medical services, e-sports, etc, will coins convert seamlessly or will they be governed by a mother blockchain? What are your thoughts? |