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I think there are some use cases where it makes sense. For instance, I have somewhat of a split life between the US and Europe, and I really wanted cryptocurre

by skohan 7y ago

I think there are some use cases where it makes sense. For instance, I have somewhat of a split life between the US and Europe, and I really wanted cryptocurrency to succeed as a cheap way of moving money between currencies. I played around with bitcoin a bit in 2015, and it back then it was a pretty good experience. Transactions were quick and cheap. The problem is it seems to have gotten less usable in almost every way since then.

solveit 7y ago
Bitcoin certainly got enormously slower. But the other major currencies (ethereum, xrp, etc) are both much faster and more liquid than BTC was in 2015.
- omarchowdhury 7y ago
  > Bitcoin certainly got enormously slower. https://bitinfocharts.com/comparison/bitcoin-confirmationtime.html https://bitinfocharts.com/comparison/bitcoin-confirmationtim... Average block time data doesn't agree with you, or are you talking about something else?
  - skohan 7y ago
    It's not about whether the next block will come on time, it's whether your transaction will be in it.
    - omarchowdhury 7y ago
      That has only been an issue around the Dec '17 congestion. I can have my transaction mined in the next block for the satoshi equivalent of $0.61 today.
      - skohan 7y ago
        That's interesting, I didn't know it speeded up again. I guess it still is an issue though: it's hard to trust a currency with the knowledge that it's transaction speed could potentially slow down by hours or days if there is too much traffic.