Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed.
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Role of transcatheter arterial embolization for massive bleeding from gastroduodenal ulcers
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With a Coinbase wallet, it's relatively easy to accept payments with Bitcoin, Ethereum, or Litecoin. Download the app for iOS or Android. Open the wallet for the cryptocurrency, then hit send on the upper right. Copy the text code and send it out. The other option is to have another phone with the Coinbase app scan the bar code and send money. Transaction fees are relatively small for bitcoin about 2%. Between Coinbase accounts, there are no transaction fees.
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Litecoin.org has a wallet available for download to multiple platforms including PC. Downloading all the transactions on the Litecoin network is about 10 gigabytes at this time but it's part of setting up your wallet. To receive money, go to File > Sending Addresses. Copy the sending address into another wallet like Coinbase and send the money. For $10, the transaction fee was $0.05 and it finished within a few minutes. This was quicker than a Bitcoin transaction.
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Despite all the technological advances made with websites and mobile apps in the last twenty years, the cost of accepting a payment online can still be up to 2.9% and $0.30. For items less than $10, this is a significant fee. Cryptocurrencies including Bitcoin and Litecoin can decrease these transaction costs. Recently sent 0.05 litecoin from a PC wallet to a Coinbase wallet. This was about $4.50. The fees noted BlockCypher was about $0.02. Financial transaction fees are the last friction point in commerce reduced by technology.
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Will cryptocurrencies save writing? Micropayments for reading articles was an early idea of the internet. However, advertising has become the most widely used method to monetize content. Paid subscription is the second option. A third option was to accept small payments for each article written. However, the fees associated with prior payment methods were prohibitive. Cryptocurrencies have gained significant attention in 2017 with Bitcoin surging in price by 1700% to $14,000 in early December 2017. Now, an easier method is available to accept micro-donations is available. Bitcoin transaction fees can be prohibitive. Litecoin transaction fees have been smaller, as little as 0.4%. Write your own post by clicking reply. Donate with Bitcoin: 1Juq1ULc41vcy1ksJ1HcHrsMKnT1bywsy2 || Donate with Litecoin at Lb5yfdMvvRDJZLDqkmLhLBTJPXa2QKCBMC
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Patreon allows monthly subscriptions for creators. Can donations be enough to help writers or video makers? The business model would be that people would continue to create as long as donations continue to flow into their digital wallets. Cryptocurrencies such as litecoin have low transaction fees and allow donations with a block of text such as the one at the end of this paragraph. The block of text can be entered inside a Coinbase wallet to send money. Money does not have to be aggregated at a central site. The other model is to create a bill for content consumers and then release content to people who have paid. This would be the traditional billing model used by newspapers and magazines. Would there be writers at major newspapers interested in trying this model? Write a better article on here for a chance to get litecoin. Write your own post, click reply. Donate with Bitcoin: 1Juq1ULc41vcy1ksJ1HcHrsMKnT1bywsy2 || Donate with Lite
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Blockchain for the US Dollar. Bitcoin and Litecoin work from an open source program. The cryptocurrencies can be considered a bubble with prices rising significantly in 2017. However, the technology can have other uses. Each wallet in the block chain network keeps a ledger of all the transactions performed. This ledger has already increased in size to 145 gigabytes for Bitcoin and about 11 gigabytes for Litecoin. Banks and individuals could use the block chain network to make payments with US dollars. There would be no currency created by mining but there could be transaction fees. Also there would not be a bubble in a limited currency which can be seen as a positive or negative. Currently each bank has their own system for sending money between their customers. This could be a decentralized system to send US dollars with lower transaction fees than current systems. Donate with Bitcoin: 1Juq1ULc41vcy1ksJ1HcHrsMKnT1bywsy2 || Donate with Litecoin at Lb5yfdMvvRDJZLDqkmLhLBTJPXa2QKCBMC
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Walmart has $489 billion in revenue per year. They are already using a QR scanner to pay for items from within the Walmart app using a system called Walmart Pay. A few options exist for Litecoin. Either the cashier can accept payments using the Coinbase app or the Walmart Pay app accepts money as Litecoin. If cryptocurrencies can offer smaller transaction costs than credit cards, they are viable. Donate with Bitcoin: 1Juq1ULc41vcy1ksJ1HcHrsMKnT1bywsy2 || Donate with Litecoin at Lb5yfdMvvRDJZLDqkmLhLBTJPXa2QKCBMC
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Transferring Bitcoin on 12/21/17 costs a significant amount of money. To send $182 costs $32.23. This is a 15% fee and is unacceptable for any financial transaction which wants to supplant other forms of currency or asset classes. Meanwhile, sending $564 worth of Litecoin costs $1.48. Test out the numbers by opening your Coinbase Bitcoin or Litecoin wallet and clicking send. As far as transaction costs, litecoin is winning.
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