Seems like enormous scams are possible with this. The sheer volume of wallet drains will be unprecedented without some form of checking links for legitimacy. I would never use this until allllllllllllll the kinks were worked out
If to only interact with official/verified accounts or stores its really just like any other payment page that you would normally click on, but quicker
Big problem in the Rolex example: if buyer receives the watch then disputes the sale for whatever reason, his money held in escrow is indefinitely tied up and he’s out the cost of the watch - which is no big deal since he has the watch in hand. Seller on the other hand is out BOTH the watch AND the money - lose lose for the seller! Curious to know how Blink will go about solving this situation.
I agree, as a seller, id not be happy transacting this way under its current format , a team of humans will still be required to deal with disputes , not everyone is honest, far from it
As an eBay seller the two problems I see are No1: Trust as a seller, you could easily be out the item sent, and the money. No2: Getting enough traffic to your retail store/platform, whatever that may be, for people to buy your item. A Blink Store of some kind perhaps?
James how do you see blinks affecting media industries like music where artists have been dissatisfied with streaming revenue for yrs now. This in my view presents a direct to customer avenue again that could affect a revolt against the extortionate streaming giants. If I'm a musician or indie film maker I'd be looking at this very seriously.
Bye Bye to those rip off "international transaction fee" that most credit card providers charge if you buy something outside your own country. That 3% the banks charge for this rip off fee needs to disappear and Blinks is going to do this. Its not the only thing its going to disrupt. Thanks for the video James
@@InvestAnswers James, can you elaborate? How does a user make a purchase without anything in their wallet?. I’m a supporter of yours, so I’m not trying to be negative. I’m just seeing how this works without the friction of creating a wallet and putting something in that wallet.
Hey James - Love your channel! How do you think Blinks compares to what Elon wants to do for payments through X? Does Blinks take the air out of Elon's strategy?
I actually a new to the crypto market. and with in 3 months I accused all the you tubers all of them asking for subscribe like . They provide lies and bulshit. yet I found this interesting with logica. Keep it up great job gentlemen 💯.
The only problem i can think of is the fact that, if the bull market ends in 2 years, there wont be much room for mass adoption. but if this was a super cycle run, then, maybe this would lead to some cataclysmic gains if retail were trading on sol then buying memes with it.
None of these crypto payment rails are practical. Everyone I use blinks it creates a taxable event. A real PITA. The effort to track that cancels out blinks’ ease.
What about regulations?😅 I agree with everything you say but i think it's going to be a little bumpy ride to mass adoption. If it's just for micro payments than it can be fast and furious 🔥🦄
The largest concern for any vendor is what happens when the vendor sends a product and the customer claims they didn't get it, didn't get the right one, it was broken, etc. There has to be some mediator to decide what happens with the transaction. This is one reason for high fees. There is a frequent need for intermediaries to spend time reviewing disputes. If Blinks doesn't address that, then it will go no where.
You guys want crypto adoption and at the same time worried about scammers? It is a technology and it can be used for good and bad. It should be user’s responsibility to check the legitimacy of any link that they click
Ivan explained it this morning and he said that it would only work on a desktop, not mobile and that you have to have a Phantom wallet. It workes like an extension.
@@copycatt2579 you the same with your bank card or PayPal.. you need to open account.. and what are you to lazy.. your problem.. then you will just not have it.. i rather use my own wallet that banks.. they are not safe and money in your bank is not your money
I like the sol blink feature it's definitely disruptive but PayPal and eBay have a strict quality assurance team that protects customer and seller if anything goes wrong . That can still force people to choose traditional market place issuers over blink for now, interested in seeing how this new technology progresses !
If it's a problem for taxation...maybe the laws will change over time. Governments can print their own money or invest in BTC miners for an income. Don't need you're Sol anymore.😂😂😂
Imagine if robocabs use this as payment. The world is gonna become much more efficient. More time with family and doing things you love. Go SOL, go TSLA, go James!
I think ppl go to a centralized marketplace and use credit cards to prevent scams though. Like if Amazon sells a fake or defective product I can complain and get a refund. If they don’t do it then Amex card I paid with can chargeback so I have that insurance.
They will have same assurance duh this guy is stuiped no refund will result in a bad review for that guy and boom out of bussiness dam near same thing@InvestAnswers
Hi James , long time watcher and follower of the channel here. I want to make a UA-cam channel with the best bits of your show, is this allowed ? If not I won't do it , but I thought I just ask. Thank you for all you do 😎 Greetz from the Netherlands
@@InvestAnswers I’m sure you know the right people James. Guarantee all western democracies have been rigged. I’m in Canada and there is no way Trudeau was voted in after his first term. He also gave Canadian taxpayer money to the Clinton foundation right after being elected.
The PTP smart contract application on Blinks Sounds great, but what happens if I send Darrell my Rolex and he says he never received it even though he did. I have no money but he has my Rolex. I love the concept but I as the seller still seems like I’m assuming the risk factor.. I’d have to research this further for major sells. Great content as usual. Thanks
Thanks for the great news. Why? As Psychologist and 'Start Up' specialist I am preparing a low cost web service to master stress and increase income. Low fees conflict with expensive Payment gateways. That seems to be a resolved now. 👍👍👍
There’s some things I let you know I don’t think you get. But we agree on this and we both get it! If this doesn’t do it this cycle, I don’t know what is more exciting. Teach a few high schools in NY, Chicago, and Seattle about this and Solana and blockchain will explode.
Bitcoin is going to the moon, ETH is going to the moon, Solana is going to the moon...yawn, yawn, yawn...The only thing that matters is buying a crystal ball that works (sarc), or entering a wormhole and going back to 2009 when the first Bitcoin sold for $0.00099.
I might move all my eBay items to FB Marketplace or X. Why pay 15% selling fees? PLUS I get to stack SOL which will GAIN value instead of collecting fiat which loses value! 😊😊
Great video! Thank you James :) I wonder... What are the tax implications of paying directly with SOL (say if you bought your SOL at 80$ and it's worth 300$ at the moment of use via Blink)
@@InvestAnswers I've made my living on the Web for 30 years. This is what disruption looks like. A Big Bang moment. However, it's still new and very ripe for scam abuse. I can see large social platforms putting up roadblocks and or requiring a piece of the transaction. Will be fun to watch it evolve. Possibilities are mind-boggling.
This is an exciting development and will bring about the future of micro-payments. That's great, but the issue I kept thinking about is newbies have to adopt Sol first. Easy for us Sol maxis but the average person will still have a barrier to begin using Blinks. Most ppl I know have never heard of Solana so I doubt they will be impressed until they receive the crypto mind-meld.
Who in the HELL would buy an expensive NFT like mad lads or monkeys etc. seems to stupid to me. I want art I buy it physically and enjoy in the real world🖼️ (or make my own in my case). But great show as usual James cheers 🍻
It's amazing but we need a non volatile token that is locked to a commodity or like and not wildly moving tokens, like SOL atm. The method is great, and have runway to go.. Amazon, can't sell low margin for swinging cash/token value
It is a great step forward but ... people still need an easy way to get USDC into their wallet. And that's the real pain point today. Convert your paycheck into USDC without all the KYC dance
Seems like enormous scams are possible with this. The sheer volume of wallet drains will be unprecedented without some form of checking links for legitimacy. I would never use this until allllllllllllll the kinks were worked out
If to only interact with official/verified accounts or stores its really just like any other payment page that you would normally click on, but quicker
I think you would buy from people you trust. Especially helpful for smaller sized business or person-to-person.
It is literally like any other embedded payment. You should not be clicking on random links if not sure
Big problem in the Rolex example: if buyer receives the watch then disputes the sale for whatever reason, his money held in escrow is indefinitely tied up and he’s out the cost of the watch - which is no big deal since he has the watch in hand. Seller on the other hand is out BOTH the watch AND the money - lose lose for the seller! Curious to know how Blink will go about solving this situation.
My thoughts too. Seems like it would be very easy to scam people with Blinks
I agree, as a seller, id not be happy transacting this way under its current format , a team of humans will still be required to deal with disputes , not everyone is honest, far from it
💯 at least marketplaces have some recourse/remedy against scams.
Ya..definitely better for low cost transactions for the time being.
As an eBay seller the two problems I see are No1: Trust as a seller, you could easily be out the item sent, and the money. No2: Getting enough traffic to your retail store/platform, whatever that may be, for people to buy your item. A Blink Store of some kind perhaps?
Tanks James, incredible this is so exciting but I am afraid scammers will also jump on this unfornately. Yeah SOL
2nd video, woot!
Blinks huge game changer
You will see @@quiksilver7373
Thanks James and team! The amount of knowledge and info that this channel puts out on a weekly basis is amazing!
Glad you enjoy it!
James how do you see blinks affecting media industries like music where artists have been dissatisfied with streaming revenue for yrs now. This in my view presents a direct to customer avenue again that could affect a revolt against the extortionate streaming giants.
If I'm a musician or indie film maker I'd be looking at this very seriously.
Bye Bye to those rip off "international transaction fee" that most credit card providers charge if you buy something outside your own country. That 3% the banks charge for this rip off fee needs to disappear and Blinks is going to do this. Its not the only thing its going to disrupt.
Thanks for the video James
This isn’t the solution. The friction still exists for newbs, because this still requires a wallet and funding a wallet.
no funding required
@@InvestAnswers James, can you elaborate? How does a user make a purchase without anything in their wallet?. I’m a supporter of yours, so I’m not trying to be negative. I’m just seeing how this works without the friction of creating a wallet and putting something in that wallet.
how you can pay with your credit card in shop when you don't put money in ? this is idiot statement
I would also like to hear what you mean by no funding required. Because if there’s no funds in your wallet, how do you buy anything?
@@InvestAnswers Which wallets work with this? I don’t see experimental features in Phantom 🤷♂️
I am a reseller and wow blinks would be a huge game changer🙂Love your channel!!!!!! BTC will go up🥰
WOW! How cool is that! Makes me want to buy more $SOL!! 😀👏🏻🏆
Every day top content ! No need to watch any other channel! Big fun of James and his team! To the moon!
A simple link... can this be subject to code (or even garbage) injections? Can someone empty a customer wallet "by mistake"... or worse, voluntarily?
I’m saving this game changing video thx James ❤
Excellent example to illustrate the benefits James
BLINKS sounded like the BLACKPINK fandom 😊
Blinks own bitcoin too!
Welcome back 🙏
How does this work for taxes? You have to keep track of the cost basis for every transaction, at least in the US.
yes DIY
Hey James - Love your channel! How do you think Blinks compares to what Elon wants to do for payments through X? Does Blinks take the air out of Elon's strategy?
I think they are front running it
@@InvestAnswersMaybe Elon should just use Blinks on X as official payment!😊
very interesting, excellent content as always, this could be a game changer
Awesome!
Thank you James
Glad you liked it!
great summary, thanks!
Glad it was helpful!
How to buy blinks solana? Is this the kne on radyium?? Or is that a rug pull
Isn't blinks just kinda what near protocol already have?
The thing is ebay and so make finding customers easy, if you don't have a customer base this isn't useful for you?
When blinks on IA website ? ; ) coming soon -pretty sure ? !
Always good, James. Many thanks.
Thanks for listening
Exciting stuff!!!
Great show! Thank you my friend !
Thanks for the visit
I have a card machine for my work and this would be amazing!
I actually a new to the crypto market. and with in 3 months I accused all the you tubers all of them asking for subscribe like . They provide lies and bulshit. yet I found this interesting with logica. Keep it up great job gentlemen 💯.
The only problem i can think of is the fact that, if the bull market ends in 2 years, there wont be much room for mass adoption.
but if this was a super cycle run, then, maybe this would lead to some cataclysmic gains if retail were trading on sol then buying memes with it.
This is awesome! I can’t wait to experiment. Thanks for the alpha James. I love twofer days!❤🎉❤
Hope you enjoy!
Thanks James 👍
My phantom wallet doesn’t have the experimental features tab
use on desktop
Yea, I saw this in X and I was very impressed.
Interesting!
Glad you think so!
None of these crypto payment rails are practical. Everyone I use blinks it creates a taxable event. A real PITA. The effort to track that cancels out blinks’ ease.
Stripe in trouble then
Sol market dominance breaking out!
Thank you 🌠
You are so welcome
What about regulations?😅
I agree with everything you say but i think it's going to be a little bumpy ride to mass adoption. If it's just for micro payments than it can be fast and furious 🔥🦄
Solanas network has gone down how many times again and counting?
Near Protocol can do this too 😅
Black Pink in Your Area
Seems a lot of worries and negativity in the comments here. If you have an issue, how about thinking solutions, not problems.
Put you're problem down...maybe someone has the solution if you don't have.
Grazie
SOL 🚀
SOL❤
and Sarah’s wallet drained short…. Doom…. All gone her precious Solana
The new crypto needs a system to get back fraudulent stolen funds from hackers and phishing when that solution is created ill be happy
👍
cant wait to sign up to james secret OF for premium alpha in a g string
Black hole SOL! Black hole SOL! Won’t you come… great stuff, James!
….And wash away the rain
RIP Chris Cornell
The largest concern for any vendor is what happens when the vendor sends a product and the customer claims they didn't get it, didn't get the right one, it was broken, etc. There has to be some mediator to decide what happens with the transaction. This is one reason for high fees. There is a frequent need for intermediaries to spend time reviewing disputes. If Blinks doesn't address that, then it will go no where.
Aint this tool a scammers dream ? kinda worried about how many malicious links there will be.
Maybe, but I can’t be worse than every website you visit
You guys want crypto adoption and at the same time worried about scammers? It is a technology and it can be used for good and bad. It should be user’s responsibility to check the legitimacy of any link that they click
Anyone else hit the “like”👍 button before hitting the “play” button? 😎
Rrrrvry time!
Absolutely. 😁👍😜💯
Yuuuup 🎉❤
so kind of you
Always🥰🥰🥰
Ivan explained it this morning and he said that it would only work on a desktop, not mobile and that you have to have a Phantom wallet. It workes like an extension.
I don't have those settings on my desktop. I wonder if you need a premium account?
A scammer's dream.
Joe and Sam would've make millions on these Rolex scams :)
A business-builders dream too. I'm sure security measures would be in place also.
@@simonnovak3574 🤣🤣🤣🤣👌👌🙌
@@allenvaega1 There is no security in peer-to-peer unless you have a neutral middle man (that you are sure isn't in cahoots with one party).
Still need a wallet. Still need a way to get funds into a wallet. Thats the barrier but vendors can force people to adopt.
Yes, but stable coins adoption is growing. This infrastructure is necessary to take stable coins to the next level which in turn expands crypto.
@@copycatt2579 you the same with your bank card or PayPal.. you need to open account.. and what are you to lazy.. your problem.. then you will just not have it.. i rather use my own wallet that banks.. they are not safe and money in your bank is not your money
I like the sol blink feature it's definitely disruptive but PayPal and eBay have a strict quality assurance team that protects customer and seller if anything goes wrong . That can still force people to choose traditional market place issuers over blink for now, interested in seeing how this new technology progresses !
Isn't each time you use Blinks
A taxable event
According to the IRS ..??
IF SO ,HOW IS THIS SIMPLE...?
A GIANT HEADACHE 😮..?!
YES NO MAYBE ..
If it's a problem for taxation...maybe the laws will change over time. Governments can print their own money or invest in BTC miners for an income. Don't need you're Sol anymore.😂😂😂
Seems like hackers can create phishing links for this?… seems risky connecting your wallet with a link on the internet
If it was that easily hackable, I’m pretty sure they wouldn’t have released it
Imagine if robocabs use this as payment. The world is gonna become much more efficient. More time with family and doing things you love. Go SOL, go TSLA, go James!
All ageing is caused by holey mitochondria
Elizabeth Warren
Salivating 😂...!!
😂
I think ppl go to a centralized marketplace and use credit cards to prevent scams though. Like if Amazon sells a fake or defective product I can complain and get a refund. If they don’t do it then Amex card I paid with can chargeback so I have that insurance.
true - but peer to peer over time will be better
@@InvestAnswers why?
@@DriftLibrary merchants charge fees along with payment processors! Plus the transactions settle faster!
They will have same assurance duh this guy is stuiped no refund will result in a bad review for that guy and boom out of bussiness dam near same thing@InvestAnswers
Crypto twitter is full of scams!
Hi James , long time watcher and follower of the channel here. I want to make a UA-cam channel with the best bits of your show, is this allowed ? If not I won't do it , but I thought I just ask. Thank you for all you do 😎 Greetz from the Netherlands
no problem at all - greetz back at ya
Voting should be on the blockchain. Verifiable forever
Yes 🎉
@@InvestAnswers I’m sure you know the right people James. Guarantee all western democracies have been rigged. I’m in Canada and there is no way Trudeau was voted in after his first term. He also gave Canadian taxpayer money to the Clinton foundation right after being elected.
Hey hey
Blackpink in your area!
We really appreciate your hard work. Thank you 🎉 Jimbo
So nice of you
Scammers - your fund becomes my fund in a blink!
The PTP smart contract application on Blinks Sounds great, but what happens if I send Darrell my Rolex and he says he never received it even though he did. I have no money but he has my Rolex. I love the concept but I as the seller still seems like I’m assuming the risk factor.. I’d have to research this further for major sells. Great content as usual. Thanks
Thanks for the great news. Why? As Psychologist and 'Start Up' specialist I am preparing a low cost web service to master stress and increase income. Low fees conflict with expensive Payment gateways. That seems to be a resolved now. 👍👍👍
Too Late, but nevertheless .. Thank you very much James!!
My pleasure!
James - so funny, thought you had been drinking as your words were slurry and slow. Realised playback was half speed. Oops!
love it... i have yet to do a stream w wine... one day tho :D
Are you going to set it up for Patreon and Indicator payments ?
seems like X would have to allow Blinks to be used on their platform?
no it is a link and it works already - I tried it staking SOL
Amazing. Really a game changer
How can we invest in blinks? Does it have a token?
no token
Can you just imagine the dent this tech could put in the HUGE payment processing industry? Truly amazing.
Sol for the WIN 😎 thanks James
Amazing avoiding all the unnecessary junk fees
of course it doesn't make amazon or ebay redundant. you still have to move and store goods. Blinks is amazing for P2P transactions though!
Awesome news, another SOL game changer. You find anyway to invest in Blinks? Thanks for all you do!
Not yet!
There’s some things I let you know I don’t think you get. But we agree on this and we both get it! If this doesn’t do it this cycle, I don’t know what is more exciting. Teach a few high schools in NY, Chicago, and Seattle about this and Solana and blockchain will explode.
So basically it eliminates not leaving a site and pasting an address on phantom to send ?
Bitcoin is going to the moon, ETH is going to the moon, Solana is going to the moon...yawn, yawn, yawn...The only thing that matters is buying a crystal ball that works (sarc), or entering a wormhole and going back to 2009 when the first Bitcoin sold for $0.00099.
I might move all my eBay items to FB Marketplace or X. Why pay 15% selling fees? PLUS I get to stack SOL which will GAIN value instead of collecting fiat which loses value! 😊😊
lot of alpha, TY James
❤
Great video! Thank you James :)
I wonder... What are the tax implications of paying directly with SOL (say if you bought your SOL at 80$ and it's worth 300$ at the moment of use via Blink)
It'll be awesome until scammers start scamming. Then, a lot of people are going to lose a lot of money
possible but users need to verify the source
@@InvestAnswers I've made my living on the Web for 30 years. This is what disruption looks like. A Big Bang moment. However, it's still new and very ripe for scam abuse. I can see large social platforms putting up roadblocks and or requiring a piece of the transaction. Will be fun to watch it evolve. Possibilities are mind-boggling.
Fri end month dump going be big btc bj under 58k soon
How long before SOL ATMs are everywhere. Unlike BTC ones, they would be more comparable to fiat ones. RW use.
This is an exciting development and will bring about the future of micro-payments. That's great, but the issue I kept thinking about is newbies have to adopt Sol first. Easy for us Sol maxis but the average person will still have a barrier to begin using Blinks. Most ppl I know have never heard of Solana so I doubt they will be impressed until they receive the crypto mind-meld.
Who in the HELL would buy an expensive NFT like mad lads or monkeys etc. seems to stupid to me. I want art I buy it physically and enjoy in the real world🖼️ (or make my own in my case).
But great show as usual James cheers 🍻
James, what could be the tax implications of BLINKS transactions?
It's amazing but we need a non volatile token that is locked to a commodity or like and not wildly moving tokens, like SOL atm. The method is great, and have runway to go.. Amazon, can't sell low margin for swinging cash/token value
It is a great step forward but ... people still need an easy way to get USDC into their wallet. And that's the real pain point today. Convert your paycheck into USDC without all the KYC dance