How Marketplaces Are Facing Massive Disruption | Blinks
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- เผยแพร่เมื่อ 28 มิ.ย. 2024
- #Solana #Blinks #BlockchainLinks #Actions #MarketPlaces #Swaps #OnlyFans #Disruption
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DISCLAIMER: InvestAnswers does not provide financial, investment, tax, or legal advice. None of the content on the InvestAnswers channels is financial, investment, tax, or legal advice and should not be taken as such; the content is intended only for educational and entertainment purposes. InvestAnswers (James) shares some of his trades as learning examples but they are only relevant to his specific portfolio allocation, risk tolerance & financial expertise, may not constitute a comprehensive or complete discussion of such topics, and should not be emulated. The content of this video is solely the opinion(s) of the speaker who is not a licensed financial advisor or registered investment advisor. Trading equities or cryptocurrencies poses considerable risk of loss. Kindly use your judgment and do your own research at all times. You are solely responsible for your own financial, investing, and trading decisions.
*00:00 - BLINKS: Game Changer*
- Solana Blinks convert any Solana action into a shareable link.
- Transactions can be launched from websites, social media, or QR codes.
*01:45 - Solana Launches Blinks*
- Integrates blockchain transactions on social media and beyond.
- Streamlines the web3 experience.
*02:44 - Why Blinks is Revolutionary?*
- Lowers the barrier to entry for developers and users.
- Enhances interoperability within the blockchain ecosystem.
*03:40 - The Current World - Facing Disruption!*
- Save on merchant discount fees (1.5%-3.5% per transaction).
- Enables microtransactions.
*04:30 - How to Set up Your Wallet*
- Intuitive interface integrates directly into social media, websites, and apps.
- Connect Solana wallet with just a few clicks.
*05:16 - User-Friendly Interface*
- Seamless crypto transactions and embedded transaction links.
- Enables donations, purchases, and other activities from familiar platforms.
*05:40 - Case Study: Sarah on Social Media*
- Donates with SOL directly from a charity’s social media post.
- Positive experience with BLINKS leads to exploring more crypto activities.
*06:30 - Broader Applications of BLINKS*
- Participation in DeFi activities like staking and lending.
- Simplifies decentralized governance and NFT acquisitions.
*07:11 - The New World MadLads - Click and Go*
- Makes blockchain interactions user-friendly.
- Transforms complex tasks into simple, shareable links.
**07:32 - Stake from BLINKS **
Helius
*08:29 - Impact on Mainstream Adoption*
- E-commerce integrates 'Pay with SOL' buttons.
- Content creators offer token-gated access.
*09:00 - Developer Benefits*
- Uses existing infrastructure for blockchain features.
- Embeds Solana transactions via shareable links.
*09:50 - BLINKS Blurring Web2 and Web3 Lines*
- Interact with blockchain as easily as clicking a link or scanning a QR code.
- Integrates into existing Web2 platforms.
*10:40 - Swaps Process Flow - The Rolex Swap*
- Step-by-step process of a swap transaction powered by Solana and Blinks.
*12:15 - Middle Man and Marketplace Dead*
- Eliminates the need for traditional intermediaries.
- Offers significant savings for vendors and creators.
*12:35 - The Win Win For Vendors & Creators*
- Save on merchant and credit card fees.
- Fast and accessible payments.
*13:30 - Super Easy for Devs to Set Up*
- Developers can create businesses around setting up BLINKS for vendors and charities.
*14:34 - Conclusion*
- BLINKS transform crypto interactions into seamless, everyday experiences.
- Simplifies cryptocurrency adoption with shareable blockchain links. - วิทยาศาสตร์และเทคโนโลยี
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Black hole SOL! Black hole SOL! Won’t you come… great stuff, James!
….And wash away the rain
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.
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
Yes you are right. It’s moronic and wont work at all. Scams non stop and money laundering.
Its the dumbest idea ive ever seen in my life.
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
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?
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?
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
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 !
Anyone else hit the “like”👍 button before hitting the “play” button? 😎
Rrrrvry time!
Absolutely. 😁👍😜💯
Yuuuup 🎉❤
so kind of you
Always🥰🥰🥰
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
Tanks James, incredible this is so exciting but I am afraid scammers will also jump on this unfornately. Yeah SOL
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
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 🤷♂️
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!
WOW! How cool is that! Makes me want to buy more $SOL!! 😀👏🏻🏆
2nd video, woot!
Blinks huge game changer
Its not
You will see @@quiksilver7373
Welcome back 🙏
I’m saving this game changing video thx James ❤
I am a reseller and wow blinks would be a huge game changer🙂Love your channel!!!!!! BTC will go up🥰
Great Video, Thanks for explaining in Detail what Blinks is giving us
We really appreciate your hard work. Thank you 🎉 Jimbo
So nice of you
Excellent example to illustrate the benefits James
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).
Amazing. Really a game changer
James you’re amazing. I can’t get enough of your Solana content. Go Blinks
so happy to hear
Awesome!
Thank you James
Glad you liked it!
love it, Thx James
What a great daily show!
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.
very interesting, excellent content as always, this could be a game changer
Exciting stuff!!!
Can you just imagine the dent this tech could put in the HUGE payment processing industry? Truly amazing.
Thanks James ❤
Always good, James. Many thanks.
Thanks for listening
Great show! Thank you my friend !
Thanks for the visit
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.
great summary, thanks!
Glad it was helpful!
Great content James as always. Amazing World ahead of us coming so fast! It's thrilling. Thank You so much
My pleasure!
Thanks James 👍
Thank you!
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
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!
Every day top content ! No need to watch any other channel! Big fun of James and his team! To the moon!
Thanks very much 😊
Great breakdown James, agree this is a game changer in the space.
Only worry - everything is a taxable event unfortunately
at least in the usa, plus the seller and reciever need to know what the price of sol is at the time of transaction to do those taxes
Brilliant 🎉
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.😂😂😂
Cheers James❤
This is awesome! I can’t wait to experiment. Thanks for the alpha James. I love twofer days!❤🎉❤
Have fun!
Sol for the WIN 😎 thanks James
BLINKS sounded like the BLACKPINK fandom 😊
Blinks own bitcoin too!
Elizabeth Warren
Salivating 😂...!!
😂
❤thank you James. You are a crypto Angel. Happy weekend.
You are!
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. 👍👍👍
The problem with this is the fact that it implies the seller is trustworthy. What kind of recourse does the buyer have if he/she does not receive what was purchased?
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
Thank you 🌠
You are so welcome
Nice summary
Glad you think so!
I have a card machine for my work and this would be amazing!
Amazing avoiding all the unnecessary junk fees
You are a BEAST! Alpha Alpha alert! The best content on the internet!
so kind, i am so humbled. sorry for the first 40 second glitch.
Interesting!
Glad you think so!
Awesome news, another SOL game changer. You find anyway to invest in Blinks? Thanks for all you do!
Not yet!
Thank you so much James for what you do! Your insight is phenomenal! Keep going my brother
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!
Im starting to watch you more than Netflix. Keep it up, and I'll cancel that subscription and put it into Sol monthly. Lol
Two’fer days are amazing - makes me realise we live in miraculous times! thanks IA James - I think you’re a marvel of the local universe ; )
Wow, thank you!
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)
A simple link... can this be subject to code (or even garbage) injections? Can someone empty a customer wallet "by mistake"... or worse, voluntarily?
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.
Glad I've been stacking SOL.
Are you going to set it up for Patreon and Indicator payments ?
Grazie
Watch every video of this channel and this one made me excited. Can you imagine what will happen to the Sol price, when Blinks gets mass adopted? Holy cow. Firedancer combined with Blinks. Just imagine that.
I think a marketplace still needs a community rated profile. People need to rate the profile as trustworthy or not. You could send me a Rolex and I could say it wasn't a Rolex or No you didn't. There is still trust in this model if physical goods are shipped.
Too Late, but nevertheless .. Thank you very much James!!
My pleasure!
*Hmm so in the Rolex example, what prevents the buyer from saying "hey I got a brick instead of a Rolex, I'm not confirming I received the item", then they keep the Rolex and not pay out the money?*
Hi James , long time watcher and follower of the channel here. I want to make a TH-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
Great idea, but what about volatility in price with Solana, when it comes to payments?!
Hope this will take SOL back to 200 :) Exiting news
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
THIS IS MASSIVE!!!😳
One issue with rolex swap is that is the person selling doesn't have the funds to match the buyer, hence he is selling what ever it maybe then you can't use this. 🤔
He's like a senior version of that actor Eric Dane.
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.
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
Sol market dominance breaking out!
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.
Ok, so once the guy receives the Rolex in the mail what forces him to confirm the transaction? Thanks for the watch!
James, what could be the tax implications of BLINKS transactions?
Another amazing development by SOL
Thank you for educating us James
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! 😊😊
Stripe in trouble then
Hey hey
James, I’m an average dev, I love Solana but I’m sorry but a normal person in a few hours is not going to be able to set this up on there own. If someone creates a tool for basic stuff maybe but it would need to pass through a third party app. Love your channel!
Maneki 🔥🔥🔥🔥😎
BLINKS is the answer, SOLANA is kicking ass…
So basically it eliminates not leaving a site and pasting an address on phantom to send ?
I don't know who's doing your timestamps lately but the timestamps aren't matching up on your latest videos. Timestamps are important for me, they need to be accurate and this needs to be fixed asap, thanks in advance!
Solana 📈☀️
When blinks on IA website ? ; ) coming soon -pretty sure ? !