3 ms·
That's all there is to it at this point. Other cryptos are vastly better if you actually want to do anything with it.
by arcticfox 9y ago
That's all there is to it at this point. Other cryptos are vastly better if you actually want to do anything with it.
- lwansbrough 9y agoIndeed, 7 day moving average of confirmation time is currently 107 minutes. This has gotten as high as 440 minutes, making Bitcoin utterly useless as a transactional currency. It's basically just e-gold now.
- makomk 9y agoOf course, the reason the Bitcoin confirmation time is so high is because it's processing more transactions than every cryptocurrency except Etherium...
- lwansbrough 9y agoEthereum is fast too, and what it comes down to is the fact that the majority of people who use Bitcoin today are invested in it as an investment and not as a currency. Which means any efforts to fix the problem are met with pitchforks because it could disrupt the market and kill the value of their gold.