If you could reward and be rewarded by others for creating good content on #socialmedia by giving them rewards as small as a fraction of a pennie, instead of a #like , would you?
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In the currency systems that we use today, this is not #possible .
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Have you ever wondered why certain shops have minimums for card payments?
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It’s because the #currency systems of today are too #inefficient and #expensive to process small transactions. The transaction fees themselves are larger than the actual #transaction so it does not make any sense to make the exchange.
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Cryptocurrencies like Bitcoin, with the use of the #lightning network, make transactions of pennies or fractions of pennies possible because the fees can be as small as $0.000001 cents.
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#CEO of #Twitter and #square, Jack Dorsey, recently tweeted about loving the idea of bringing #bitcoin to Twitter.
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In fact he is scheduled to do a #podcast this #Saturday , #February 9th, with Elizabeth Stark, CEO of #LightningLabs . Lightning Labs developed the Lightning Network software that Bitcoin uses today.
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Be sure to tune in!
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#crypto #cryptocurrency #economics #money #wealth #learn #bitcoin #blockchain #economy
#business #finance #future #LNtrustchain