Blue Star Capital Share Discussion Threads

[potter25] 19/7/2017 20:33

For those that may have missed the recent news.



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pennies, change
SatoshiPay to Stop Using Bitcoin Blockchain for Micropayments
Jul 17, 2017 at 20:00 by Chuan Tian
Bitcoin • News • Other Public Protocols • Technology News
Micropayments startup SatoshiPay has announced it intends to phase out its use of the bitcoin blockchain as the underlying technology that enables its transactions.

Announced today, SatoshiPay has partnered with the IOTA Foundation, a non-profit that oversees network development, to explore replacing bitcoin with IOTA as its settlement network. SatoshiPay has been relying on the bitcoin network to settle payments since its product launch in 2015.

Still, in that time, the economics of the bitcoin network have undoubtedly changed.

According to CoinDesk's forthcoming State of Blockchain report, the average transaction fee was around $2.41 per transaction during Q2, up from below $0.02 in 2015.

SatoshiPay CEO Meinhard Benn wrote:

"We love bitcoin for its pioneering role in the creation of our industry, but some blockchain networks it inspired have evolved faster than bitcoin itself, so we decided to move on to superior technology."

The IOTA network, the 8th largest cryptocurrency by the total value of its supply, by contrast, claims zero-fee transactions and does not limit the number of transactions per second of its processing, features the IOTA Foundation said make it unique among available cryptocurrencies.

According to a blog post, the IOTA Foundation and SatoshiPay agreed to work on a proof-of-concept project, to be supported by the IOTA Ecosystem Fund, which would combine SatoshiPay’s content payment interface with IOTA's technology.

The results of the joint proof-of-concept are expected to be presented in August 2017, according to the IOTA foundation.

Notably, SatoshiPay is not the only startup to switch from bitcoin to another blockchain because of issues with the escalating costs of micropayments.

In May, blockchain content startup Yours announced that it would switch to the litecoin citing similar concerns.

Jar of pennies via Shutterstock

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at [e-mail].

MicropaymentsSatoshiPayIOTA

[hazl] 19/7/2017 20:31

Mr Roper didn't gloat....seems very sensible policy.
Nothing is certain in life......except that when a post or two like bamboos predictive charting ability threatens to say 'drop is done',we get a flood of posting from the shorters!

Must have worried them.

[potter25] 19/7/2017 20:26

I see beaufort man joining in!!!

[potter25] 19/7/2017 20:24

Mr Roper no need for apologies no offense taken buddy..all good

[potter25] 19/7/2017 20:23

Tilly you maybe in contact with these derampers but there posting history speaks for itself look at what happened with Nu oil!! 0.3 to 1.75!!

They are trying to do the same here I have been look at there post history very suspect.

DERAMPER NEVER ATTACK A BAD STOCK ONLY A GOOD ONE!! WHICH EXPLAINS WHY WE HAVE THERE PRESENCE HERE.

[mr roper] 19/7/2017 20:22

Sorry Potter, didn't intend it to come out that way. Apologies.

[bmk1] 19/7/2017 20:21

OMG a MO trying to bait the superior intellect.
Good luck planet earth.

[potter25] 19/7/2017 20:18

Roper you still gloating about your free shares! Well done mate..

[bmk1] 19/7/2017 20:16

huh?

are u another Crazy MO?

That disease is spreading like wildfire in the world.

[tilly99] 19/7/2017 20:14

Bmk is bullet Ant He just pm meHe is short 100 shares as lost all his money shorting Aht at 2p

[bmk1] 19/7/2017 20:11

You are a rich man, Mr Roper, you do not care much about near 20K holding getting decimated and you will look once a while?

Is the shs not in your portfolio? maybe you have 500 companies in your portfolio. who knows?



Deranged MO can only dream to be like you Mr Roper.

[mr roper] 19/7/2017 20:07

Might happen . WHO knows. I've filed my free ones away and will be happy to have a look in every so often.

[bmk1] 19/7/2017 20:07

I do not know how people survive without Youtube before. I now perform brain surgery in my back garden, all thanks to youtube of course.


Give youtube a try Driver.

[deadly heisenberg] 19/7/2017 20:02

OK Roper, most people talk about gap closing would be back to 0.2p.

[bmk1] 19/7/2017 20:01

Driver

are you incapable of picking numbers too? You can't be an inadequate like that. Maybe there are some youtube video how to pick lottery numbers.

Just like ur shares. maybe give up share and join a lotto syndicate


Charles told you the pyramid is collapsing, it's insights. Ignore at your own peril

[mr roper] 19/7/2017 19:59

Dh, gap at 0.37. But you knew that already.

[driver101] 19/7/2017 19:57

Still hasn't come forward with those lotto No's.

[mr roper] 19/7/2017 19:50

This is looking very promising indeed

[bmk1] 19/7/2017 19:50

This time we will terminate MO. A bit too gobby after getting a reprieve.

Chop chop for the headchopper Mo.

[potter25] 19/7/2017 19:49

Filtered posters are on the increase must be desperate..