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VisaNet is the simplest program imaginable, relative to the value. People do have a clue how it works because any problem you have can be explained with little
by breck 7y ago
VisaNet is the simplest program imaginable, relative to the value. People do have a clue how it works because any problem you have can be explained with little more than basic arithmetic. The phases of the credit charge process are clear and well defined. (I used to work on things for Visa). Simplicity matters. You’re not gonna fix volatility when you have the complexity of the current bitcoin network, IMO.
- thefounder 7y agoYou know that Visa works with stable(government backed), regulated currencies, right? Maybe that should give you a hint why people use it. Your "complexity" argument is pure bullshit.
- deleted 7y ago[deleted]
- breck 7y agoPeople use it because it works and they can trust it, and it's easier to make that happen when you have simpler things. Now, if you don't want to go explore what a Tree Notation backed blockchain could look like, totally fine. Plenty of other people will. It's a massive low hanging fruit opportunity. (And Tree Notation is all public domain, btw)