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Title should have been : in the next years to come crypto will either take the place or burst. I would be has pessimistic as the author, but if China forbid cry
by maitredusoi 7y ago
Title should have been : in the next years to come crypto will either take the place or burst.
I would be has pessimistic as the author, but if China forbid crypto selling and try to create its own, also if Benoît Cœuré want ECB to create a crypto, for me it is a good smoke for: there is something here to deal with ...
For the last point, telling that bitcoin should avoided because it can't handle more than 5 tr/s is not understanding that blockchain is all about create A TRUSTED MEDIUM TO EXCHANGE. Dev will always prefer uncorruption of data over speed when their choose a database that should scale, it is the same for money...
- ben_w 7y agoWe already have trust. We already have good ways to prevent corruption. Blockchain only adds trust in a situation where the government has failed, and when that happens, you can find your secret keys extracted by the well-known and currently unpatchable wetware exploit known as “rubber hose”. Given all that as a precondition, the limited transaction rate is a meaningful limitation.