3 ms·
Lol. It's advantages are that it's sound money and uncensorable, not faster than visa. Layer one will never scale to superior global currency. It's an immutabl
by tekproxy 9y ago
Lol. It's advantages are that it's sound money and uncensorable, not faster than visa.
Layer one will never scale to superior global currency. It's an immutable, append only database. DCS is a trade-off.
- mrep 9y ago> it's sound money Can you explain what you mean by that? > and uncensorable With all the hacks, that is literally the last place people want to hold their money
- arianvanp 9y agoWith sound he means it's verifyable. All currency is accounted for
- mrep 9y agoThat sounds good until fraud/hacks/mistakes happen and your are the customer that needs them to modify the account. Example: I got my bank routing/account numbers from a bank in a state in which I had not set up my checking account in but the bank teller put the routing number as if I had creating the account in that state. Thus, my first paycheck went to an empty account and I went to the bank that day and they fixed it for me. Putting any of my money in a place that is irreversibly is the last place I would put it.
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- nicky0 9y agoAs long as you can trust your banks and your nation's government then that is fine. You probably live in a stable western country. Nice for you.
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