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This is a fact that cryptocurrency maximalists love to conveniently forget. Despite all the ramblings about how corrupt and centralized, they are cashing out th
by pwaai 9y ago
This is a fact that cryptocurrency maximalists love to conveniently forget. Despite all the ramblings about how corrupt and centralized, they are cashing out through a centralized bank.
The noose is tightening on all fronts and I believe we will see offical cryptocurrency backed by a large famous bank....not some phantom coin where majority of supply is owned by a small group of individuals that rely on the banking & legal system that protects them but which they also publicly bash to get more naive people to buy in.
- chrisco255 9y agoPermissionless, trustless transactions are one of the primary benefits of crypto/blockchain/bitcoin technology.
- vkou 9y agoIt's not a benefit that has materialized, nor is there a roadmap to materializing it. Segwit will not make buying coffee with BTC any less reliant on trusting centralized merchant services/exchanges.
- chrisco255 9y agoSure it has. The fact that Starbucks hasn't implemented it yet doesn't change that tens of thousands of transactions per day are occurring with BTC. It certainly hasn't hit Visa scale for daily use yet, but either it or another crypto will within the decade.
- pwaai 9y agocurious, where are these tends of thousands of transactions occuring directly from consumer to paying for a product at a brick and mortar location? Let's not count bitcoin mixers and drug transactions.