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It does not. Bitcoin (and it's successors) are a decentralized solution to the double spend problem. If "decentralized" is a requirement, then a cryptocurrency
by mcherm 5y ago
It does not.
Bitcoin (and it's successors) are a decentralized solution to the double spend problem. If "decentralized" is a requirement, then a cryptocurrency can be an excellent solution. Other known solutions (like "just trust everyone") don't scale well (an understatement!).
If "decentralized" is not a requirement then there are other solutions to the double-spend problem.
- mdoms 5y agoSo it's your contention that the current traditional financial system "don't scale well (an understatement!)"?