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> Escrow accounts and merchant layers are in development. Sorry, this does not make BTC a bank. As they continue to add more features, we will see what BTC wi
by viklove 6y ago
> Escrow accounts and merchant layers are in development.
Sorry, this does not make BTC a bank.
As they continue to add more features, we will see what BTC will become and how it may be useful. But comparing it to a bank is silly.
- Nursie 6y agoErgh, sorry, that's a mis-paste from another thread I was talking on, not an assertion of mine. I agree, Bitcoin is not a bank, that makes comparing its energy footprint to the banking system totally pointless.
- viklove 6y agoFor the record, I'm not trying to defend BTC's energy footprint. It's a black-eye on the tech and a problem that needs to be solved. Proof-of-stake over proof-of-work is an interesting solution, and part of the reason I hold a lot more ETH than BTC. That's why I'm so interested by cryptos though -- BTC just opened the door and the derivatives are where the real innovation will happen in my opinion.