GoMining CEO: We Solved Bitcoin's Biggest Payment Problem

Summary

GoMining CEO Mark Zalan introduces GoBTC Pay, a zero-fee instant Bitcoin payment system that operates on the base layer without requiring users to give up custody. He argues it solves Bitcoin's long-standing payment problem and is more aligned with the original Bitcoin ethos than Lightning or stablecoins, potentially unlocking significant value by increasing Bitcoin's velocity of money.

• GoMining launches GoBTC Pay, a base-layer zero-fee instant Bitcoin payment system.
• The system uses a multi-sig wallet and the company's own mining hash power to close transactions.
• Mark Zalan claims GoBTC Pay is simpler and more custody-preserving than Lightning Network.
• He argues that enabling Bitcoin payments will increase the velocity of money within the ecosystem.
• The protocol charges merchants a 0.2% fee, split between wallet providers and miners.
• GoMining aims to provide open APIs and SDKs for merchant and user adoption.
• Zalan views Bitcoin as the dominant asset and believes instant payments unlock additional value.
• The discussion contrasts Bitcoin payments with stablecoins and alternative layer-2 solutions.