That's why Substack 2.0 should be blockchain based. They can integrate the payment method. Cryptocurrency is a marketplace, and it's possible to trade various types using exchanges like Coinbase and converters such as ShapeShifter. Simply move your Substack balance as another currency into your bank account via the regular withdrawal met…
That's why Substack 2.0 should be blockchain based. They can integrate the payment method. Cryptocurrency is a marketplace, and it's possible to trade various types using exchanges like Coinbase and converters such as ShapeShifter. Simply move your Substack balance as another currency into your bank account via the regular withdrawal methods. If they do it well enough and make it a vibrant enough platform, perhaps they get bought by Apple and integrated into the Apple services stack. ApplePay, etc. That's one of the big benefits of vertical integration; it becomes really easy to make technological improvements on previous ideals.
He’s basically saying eventually payment processors like Visa will yield to pressure from the left to disallow payments to certain writers or platforms and the way around that is by paying in cryptocurrency like Bitcoin, which is unblockable and untraceable.
That's why Substack 2.0 should be blockchain based. They can integrate the payment method. Cryptocurrency is a marketplace, and it's possible to trade various types using exchanges like Coinbase and converters such as ShapeShifter. Simply move your Substack balance as another currency into your bank account via the regular withdrawal methods. If they do it well enough and make it a vibrant enough platform, perhaps they get bought by Apple and integrated into the Apple services stack. ApplePay, etc. That's one of the big benefits of vertical integration; it becomes really easy to make technological improvements on previous ideals.
Thanks for that. Now would you care to put that into English, or is that something techno-nerds just do not ever do?
Which part? lol
All of it, thanks so much. LOL
He’s basically saying eventually payment processors like Visa will yield to pressure from the left to disallow payments to certain writers or platforms and the way around that is by paying in cryptocurrency like Bitcoin, which is unblockable and untraceable.
Pretty much. And that those that integrate Bitcoin, or rather blockchain technology, will be set to ride the wave of increasing value.
Thanks for the jargon, Californian.
Never been there. Here's some reading if you're curious: https://arstechnica.com/tech-policy/2020/12/how-bitcoin-works/