3 ms·
When a handful of people control 40% of your market: it’s not decentralized. When you consume more energy than your house does over 1 week to make a single tra
by matt_wulfeck 9y ago
When a handful of people control 40% of your market: it’s not decentralized.
When you consume more energy than your house does over 1 week to make a single transaction: it’s not efficient.
When it takes hours or days to settle: it’s not fast.
So what is bitcoin, anyway? From what I can tell a way for people to get rich.