4 ms·
Please get some perspective. Read more actual facts and data from various different angles, you've obviously dived deep into one side with little consideration
by BLKNSLVR 5y ago
Please get some perspective. Read more actual facts and data from various different angles, you've obviously dived deep into one side with little consideration for any other.
You give me the kind opportunity to quote a favourite lyric of mine:
The do-er and the thinker: no allowance for the other
Thick as a Brick, Jethro Tull[0]
[0]: http://www.collecting-tull.com/Albums/Lyrics/ThickAsABrick.html http://www.collecting-tull.com/Albums/Lyrics/ThickAsABrick.h...
- hbag 5y agonothing screams 'efficiency' like everyone participating in the network having to write to an append-only ledger every time any transaction whatsoever happens im sure thats FAR more efficient than banks, right? i hate banks as much as the next guy but good fucking lord is bitcoin terrible
- tgsovlerkhgsel 5y agoThe append-only ledger is surprisingly efficient, to the point where you can process the entire thing on a decent laptop in a couple days. And judging the costs bank are able to charge for international wires, even when comparing them to the horrendous fees for Bitcoin (Core, BTC) on-chain transactions, I'm not convinced Bitcoin is that much less efficient.
- dang 5y agoPlease don't respond to a bad comment by breaking the site guidelines yourself. That's exactly the opposite of what we want here. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html