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What Bitcoin does absolutely is impressive, just not in terms of transaction volume. Comparing it to a rails app is pointless. If we can improve the transactio
by moduspol 9y ago
What Bitcoin does absolutely is impressive, just not in terms of transaction volume. Comparing it to a rails app is pointless.
If we can improve the transaction rate without risk, then let’s do it. It just gets tiring seeing post after post suggesting it’s a valueless failure if it can’t be used for coffee. Let’s just keep it in perspective. It doesn’t need to supplant Visa to be successful.
- theWatcher37 9y agoThe entire purpose is to replace fiat. It’s objectively a failure if you can’t buy coffee with it.
- moduspol 9y agoIt provides a ton of value even if you can’t reasonably buy coffee with it. The path to replacing fiat is not adding risk or unpredictability to the figurehead cryptocurrency.
- deleted 9y ago[deleted]
- hndamien 9y agoIt is to replace central bank control of the money supply (which happens to be fiat).