3 ms·

Considering the value proposition of BTC is to avoid keeping your money in fiat currency that is constantly depreciating while BTC is appreciating, the analogy

• paulryanrogers 6y ago
  Key part being "while BTC is appreciating". Which seems based more on the greater fool theory than a sustainable asset or currency. (Lightning network not withstanding)
  • chordalkeyboard 6y ago
    > Key part being "while BTC is appreciating". Which seems based more on the greater fool theory than a sustainable asset or currency. Thats just a failure to understand the value proposition of bitcoin. Its a medium of exchange that has a hard limit on inflation, no greater fool required. Hence, the comparison of ice cubes and fiat currency.
    • cosmotic 6y ago
      The 7 transactions per second limit would suggest it is not a suitable replacement. Considering the energy cost and environmental consequences this article references, we'd need the ice anyway. Edit: this (older?) article says 4.6 transactions per second and a propagation (read: transaction) time of 14 seconds. This is with near-zero percent of transactions in the world taking place in btc. https://hackernoon.com/the-blockchain-scalability-problem-the-race-for-visa-like-transaction-speed-5cce48f9d44 https://hackernoon.com/the-blockchain-scalability-problem-th...
      • chordalkeyboard 6y ago
        > The 7 transactions per second limit would suggest it is not a suitable replacement. Thats something people will have to decide for themselves. > Considering the energy cost and environmental consequences this article references, we'd need the ice anyway. Don’t worry, when it melts they will make more.
• deleted 6y ago
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