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> "Bitcoin rising so fast that the network has basically shut down" That is one way to view at bitcoin now, a very pessimistic one. But an alternative positiv
by em3rgent0rdr 9y ago
> "Bitcoin rising so fast that the network has basically shut down"
That is one way to view at bitcoin now, a very pessimistic one.
But an alternative positive view is that Bitcoin's network has proved its success at being able to process transaction up to the rate it was designed to handle (1 MB worth of transaction data per ~10min) without failing even in the face of sustained overcapacity barrage of transactions. No bugs since late 2010. No crashes. No successful 51% or other attacks. No double-spent coins. No invalidated transactions.