I want to see a super simple way to send bitcoin payments via sms.
You developer geeks out there: Consider This a Challenge.
I envision the ability to instantly send $4.95 to my local non-starbucks coffee shop... from my phone... via sms.
I see my coffee shop having a tiny sign near the cash register saying, "Send bitcoin payments via text message to: 212-580-0022."
I send a text message to some central "BitcoinByText" server number. Like: send usd4.95 to 2125800022 Bruce Large Capachino
It Replies to me: Sent US $4.95 to 2125800022. Confirmation Number: a8x6q3
Instantly it sends confirmation to the Coffee Shop's phone too: Received US $4.95 from 9173857394 for Bruce Large Capachino. Confirmation Number: a8x6q3
And the bitcoin send happens automatically in the background.
Both parties would have to have an account set up with "BitcoinByText", presumably. This means they'd both be trusted.
The larger the amount of the transaction, the more "confirmed" that would be required before the transaction is confirmed and the texts sent to both parties as "confirmed"
In other words, a $19.95 purchase could be confirmed immediately.
A $19,900.00 purchase might take two or three hours to confirm.
This could also depend on the level of trust that person has earned with "BitcoinByText".