5 ms·

Yea, and buying a bread would cost my daily salary. Bread will be cheap, the daily salary will go to pay the transaction cost.

220V_USKettle 9y ago
And it will take 28 hours to process.
- aldanor 9y ago
  Which will also consume one gigawatt of energy in the process.
  - Waterluvian 9y ago
    Oh god it's the electronJS of currencies!
- usrusr 9y ago
  Hey that would be fast enough to not starve waiting for the bread, if you don't wait too long before buying (given the deflatory nature of bitcoin, you'd certainly want to avoid converting btc to bread too early). Definitely a winner.
  - 220V_USKettle 9y ago
    The waste heat from the gigawatt of energy can be used to keep us warm in line while waitng for the bread.
xutopia 9y ago
Did you hear about the lightning network?
- dvh 9y ago
  Did you hear about crypto currencies with instant transactions?
  - wyager 9y ago
    Every single one of them lacks critically useful properties of bitcoin, and arguably don’t fall under the definition of “cryptocurrencies” at all. Usually the way you get instant transactions is giving up decentralization/trustlessness or giving up guarantees about transaction permanence. You might as well just use a bank.
    - DrJid 9y ago
      Sorry but even the lightning network leads to more centralization. You still have to open and close each end and not every individual can do that because that’s already 2 on chain transactions.
      - wyager 9y ago
        Network topology centralization is not even remotely the same as concensus centralization. Having a highly centralized topology is mildly bad (but probably avoidable) whereas centralized concensus completely eliminates the usefulness of cryptocurrencies over various trustful payment systems.
- CPLX 9y ago
  Did you hear about Mastercard?
- pleasecalllater 9y ago
  Did you hear about coins, and banknotes? It's like pen, and paper - it just works.
  - andirk 9y ago
    'memba trading hides for goods and services?

220V_USKettle 9y ago

And it will take 28 hours to process.

aldanor 9y ago
Which will also consume one gigawatt of energy in the process.
- Waterluvian 9y ago
  Oh god it's the electronJS of currencies!
usrusr 9y ago
Hey that would be fast enough to not starve waiting for the bread, if you don't wait too long before buying (given the deflatory nature of bitcoin, you'd certainly want to avoid converting btc to bread too early). Definitely a winner.
- 220V_USKettle 9y ago
  The waste heat from the gigawatt of energy can be used to keep us warm in line while waitng for the bread.

xutopia 9y ago

Did you hear about the lightning network?

dvh 9y ago
Did you hear about crypto currencies with instant transactions?
- wyager 9y ago
  Every single one of them lacks critically useful properties of bitcoin, and arguably don’t fall under the definition of “cryptocurrencies” at all. Usually the way you get instant transactions is giving up decentralization/trustlessness or giving up guarantees about transaction permanence. You might as well just use a bank.
  - DrJid 9y ago
    Sorry but even the lightning network leads to more centralization. You still have to open and close each end and not every individual can do that because that’s already 2 on chain transactions.
    - wyager 9y ago
      Network topology centralization is not even remotely the same as concensus centralization. Having a highly centralized topology is mildly bad (but probably avoidable) whereas centralized concensus completely eliminates the usefulness of cryptocurrencies over various trustful payment systems.
CPLX 9y ago
Did you hear about Mastercard?
pleasecalllater 9y ago
Did you hear about coins, and banknotes? It's like pen, and paper - it just works.
- andirk 9y ago
  'memba trading hides for goods and services?