3 ms·
It will scale. But let's say it doesn't. The global gold market makes something like 1 transaction per day. Global inter-bank interest rates are also on the vo
by Taek 9y ago
It will scale. But let's say it doesn't.
The global gold market makes something like 1 transaction per day. Global inter-bank interest rates are also on the volume of a few transactions per day.
Deep, core infrastructure (even things like BGP and DNS) don't need all that much scalability. As long as it has a use case in deep infrastructure, it can become globally relevant without scale.
But it will scale.
- anonymouz 9y agoSo... those seven years of research don't allow you to give any specifics on how it will scale? Just "believe me"? I think that's what all the sceptics (including me) are worried about: lots of hyperbole and wishful thinking, but no specifics; grand claims about applicability that vanish as soon as you asked for details or how exactly it solves a problem, and the major problems just being handwaved away with a "don't worry, it'll work in the future". If it every works as a money transfer network, a store of value, or actually solves any of my other problems in more efficient way than other solutions, then I'll use it then. No need for me to speculate on it now.
- cup-of-tea 9y agoYeah. There is so much wishful thinking in all cryptos and that's what ultimately drove me away. So many people don't understand the technology or what it really means to have a system running at global scale yet they are sure that someone else will solve the problem for them. This actually gets at a deeper problem in our society. Lots of people justify their unsustainable lifestyles by thinking that some day technology will make it sustainable. It doesn't work like that. When new technology happens you won't go sustainable, you'll want more.