Please don't scorch me HN, this isn't an endorsement, just a question for thought -- but isn't this one of the things Lightning is sort of meant to solve?
lol, literally less than 20 seconds.
> Then, when does reconciliation happen? When either party goes online? What if it is not a closed loop system? Then, reconciliation needs to happen for both parties independently. How long can either party stay offline and continue to make transactions? Is it both send and receive or only send on one side and only receive on another side? What if one party (merchant/receiver) is more likely to be online (almost always). Does it just become online payments problem then? NFC tap and pay is exactly this scenario.
Again, literally the exact problem statement and value proposition of Lightning, but stupid, stupid me for daring to mention it here, I guess. Feel free to ignore that the idea behind Lightning could be useful without being tied to crypto, but can't possibly have a conversation about that. Nope.
>but can't possibly have a conversation about that. Nope.
What conversation? You just dropped in here with flamewar bait and complaining about some self-imagined persecution without contributing any substance. Hence your comment is now gray.
they didn't even explain what they were talking about. Where I'm from, lightning is an electrical discharge weather phenomenon usually accompanied by thunder
Thanks for at least offering something interesting. To be honest, the state of crypto is past what I can keep up with, but that gives me some concrete foot-holds to look into Phonon vs Lightning more.
lol, literally less than 20 seconds.
> Then, when does reconciliation happen? When either party goes online? What if it is not a closed loop system? Then, reconciliation needs to happen for both parties independently. How long can either party stay offline and continue to make transactions? Is it both send and receive or only send on one side and only receive on another side? What if one party (merchant/receiver) is more likely to be online (almost always). Does it just become online payments problem then? NFC tap and pay is exactly this scenario.
Again, literally the exact problem statement and value proposition of Lightning, but stupid, stupid me for daring to mention it here, I guess. Feel free to ignore that the idea behind Lightning could be useful without being tied to crypto, but can't possibly have a conversation about that. Nope.