Bitcoin is entirely unsuited to micropayments because it takes a long time to ve... | Hacker News

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XorNot on Oct 28, 2013 | parent | context | favorite | on: Is Glenn Greenwald the Future of News?

Bitcoin is entirely unsuited to micropayments because it takes a long time to verify it (~20 minutes, rather then <1 second) and it's already having issues with the ballooning size of the blockchain. Putting another few million transactions a day through it will make it completely unsustainable.

girvo on Oct 30, 2013 [–]

That's a good point, I remember seeing an article on the impact Satoshi Dice has had on the blockchain. A shame really.

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