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Because it doesn't make much sense to me. Those truly decentralized currencies are choking out themselves with slow transaction speeds and high transaction fees
by carlosdp 7y ago
Because it doesn't make much sense to me. Those truly decentralized currencies are choking out themselves with slow transaction speeds and high transaction fees all on their own.
I think true decentralization is super interesting and I'd like to see it happen (I think, there's some unease for me still relative to fiat). I think Ethereum 2.0 with it's proof-of-stake and sharding to combat transaction speeds is super interesting, for example.
Libra is an in-between that could bridge today to tomorrow for true decentralization.
- soulofmischief 7y ago> Those truly decentralized currencies are choking out themselves with slow transaction speeds and high transaction fees all on their own That may be the case with Bitcoin/Core, but it's not the case with currencies like Bitcoin Cash. Every payment I make is snappy as hell. Ethereum has some nice ideas but ultimately poor leadership and bad hype management; some of its better ideas, like smart contracts, are being worked into other currencies. Facebook argued Zero was a bridge from no internet to full internet, but then everyone learned that Facebook intended for the "internet" to just mean their own ecosystem.
- bryan_w 7y agoIf nothing else, Libra should help get people accustomed to the crypto payment flow (push vs pull)
- carlosdp 7y agoAbsolutely, I believe Libra can be the gateway into crypto for the general public that we need.