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Author Topic: [2018-04-17] Lightning + NFC? The New Plan to Bring Bitcoin to Retail  (Read 20 times)
jamesclark
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April 17, 2018, 05:48:51 AM
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Imagine a way to expand bitcoin payments to millions per second. Now, imagine a clunky, command-line interface.

That's the extent of the divide between the vision enabled by bitcoin's best-yet scaling solution, the lightning network, and the current state of its design. But while that's daunting, developers are moving ahead on designs to make the payment system easier to use, with one recently submitting a proposal for connecting lightning with a payment technology that could make it feel as futuristic as it's touted.

That payment technology, near-field communication, or NFC, would allow a user to pay for an item just by holding their smartphone an inch away from the device it's paying.

https://www.coindesk.com/lightning-nfc-new-plan-bring-bitcoin-retail/

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April 17, 2018, 11:21:54 AM
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Coindesk never cease to amaze me with their poor research (or is it simply sensationalist tabloid journalism?)


ACINQ released their Lightning phone app only last week (it has the kind of slick graphics driven user interface that a Coindesk.com journalist would be able to use). But apparently we have to keep thinking about Lightning as something that will happen one day, far in the future, because of reporting on blue-skies projects like NFC protocols that don't exist yet (and that don't even have a written specification)

Meanwhile, Lightning network grows constantly. Maybe it's "clunky", but as usual, people who don't need their software to be as simple as a Super Mario start menu will benefit.



And, oh look, Coinbase are reporting on a real-life payments trend too. That "MIGHT" be happening.
And, what a surprise, the story is basically a massive "advertorial" for bad-actor corporate assholes BitPay.

Where's Coindesk's reporting on the exchange agnostic decentralised payments protocol that Nicholas Dorier is working on? Oh right, that wouldn't be supporting some corrupt relationship between Coindesk.com and it's PayPal-wannabe product placement customers like BitPay.

 
Coindesk.com is little different to the Wall Street Journal or The Guardian: full of "reporting" and "journalism" that's basically advertising for the biggest monopolies in the Bitcoin industry, I'm gonna have to start calling it CorporateDesk.com

Vires in numeris
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