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The fees are a much bigger problem. Bitcoin is unusable, it s a speculative vehicle for rich people. Zero-fee , or very-low-fee cryptos (i remember stellar, iot
by buboard 8y ago
The fees are a much bigger problem. Bitcoin is unusable, it s a speculative vehicle for rich people. Zero-fee , or very-low-fee cryptos (i remember stellar, iota, raiblocks, even xrp) would be very usable if they had a large userbase and a very easy way to buy them. One of those has to focus on real world growth, i.e. get many websites to support them by providing a dead-simple payment solution.
I think there are ways to make them less volatile. For one, don't list them in any crypto-to-crypto exchanges, instead allow only dollar cash-ins/outs, or limit the amount that can be exchanged to some fixed value like $100 / hour. Speculation and greed is limiting the prospects of most coins.
- hackandtrip 8y agoIota is unusable from (almost) the very first day it got out, they are just scheduling and rescheduling the removal of central coordinators, making that in no way different from a central authority authorizing payment, they cashed and they disappeared basically Stellar is trying to achieve a completely different goal than exchanging stellars coins. Almost no one of those crypto could achieve even half of the current daily transaction processed by CC, and the proof they are using is in no way as safe as proof of work, even if more efficient. Why would people adopt them? There's no advantages, fees would be similar probably