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It must be as significant an advance over Bitcoin as Bitcoin is over the dollar. Merchants Dont Matter. The above discussion explains why Vitalik Buterins objection to my earlier article completely misses the point. He first downplays the network effect for currencies on the basis.
If the bitcoin payment processing industry is indeed headed towards sophisticated, feature-rich deterministic wallets and built-in risk management functionality, the leading processor should have a great advantage in steering the transition. Follow author on. Twitter.
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