As an engineer in love with Crypto I figured I would try to build something with it so I put a little side project together, something easy and simple a way you could earn cashback in the form of crypto for shopping online. I went ahead did the integrations with the major affiliate networks, built the whole backend, built the infrastructure for the crypto side. Including creating temporary wallets that people could chose to move their crypto off of etc, ultimately it would cost something like 5 dollars to issue someone 5 dollars. It might be different now but basically most folks pushing the technology have never actually tried to do anything with it.
I came to realize that this whole thing is only useful for one or two use cases maximum. It's terrible for micro transactions, terrible for any sort of scale, and while we all love the idea of it this is like trying to do the iPhone in the 1980's... we are at least 20-30 years a way from something useful.
Lolli does this by only paying out when you accrue enough, and possibly uses the lightning network for payout which makes micro transactions of bitcoin much cheaper. Pei, does this as well.
I came to realize that this whole thing is only useful for one or two use cases maximum. It's terrible for micro transactions, terrible for any sort of scale, and while we all love the idea of it this is like trying to do the iPhone in the 1980's... we are at least 20-30 years a way from something useful.