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It's pretty great. These transfers sometimes arrive within <1s. The speed and ease of use is something that cryptocurrencies are "trying" to "solve" (Among othe

It's pretty great. These transfers sometimes arrive within <1s. The speed and ease of use is something that cryptocurrencies are "trying" to "solve" (Among other things). Most aren't aware of the wide adoption here already, of course there are other aspects crypto's score better on. But if all bank transfers would be a Tikkie, then what would Crypto's, in terms of ease of use and speed have to offer?

BlueTemplar 5y ago
Nothing, those were never claimed as cryptocurrency strenghts, the opposite in fact, were accepted as weaknesses that were still worth it considering the other benefits.
- fbrncci 5y ago
  From the time I entered the world of Crypto (2012) until now. Both speed and ease of use were major selling points for many, if not most alt-coins. Sure, it's not the core promise of ALL those alts, but I remember a period (Raiblocks/Nano), where no crypto could even dare to under deliver on the promise of speed.
  - BlueTemplar 5y ago
    Ah, for me the cryptocurrency story is still mostly about bitcoin and the overall concept of the blockchain. Promises aren't worth zilch. (We now do have additional features that some altcoins actually deliver on, the most famous one being of course Ethereum with its smart contracts... but trying to beat the ease of use and speed of in-country traditional banking is a lost cause.)
    - fbrncci 5y ago
      There was a time when Bitcoin was super fast, you send it and it's there. We didn't really care about double-spends, so no-confirmation transactions where good enough. I kind of long back to that time :). But yes, at this point, I don't think Bitcoin does neither have a speed or ease of use issues, we are long passed the stage where it was of importance.
- kalleboo 5y ago
  It definitely was in the early days, back when the movement was more idealistic and people were making posters comparing Bitcoin, Western Union & wire transfers to spread the word. I think around the block size debate/BCC fork era most of that rhetoric went away.

BlueTemplar 5y ago

Nothing, those were never claimed as cryptocurrency strenghts, the opposite in fact, were accepted as weaknesses that were still worth it considering the other benefits.

fbrncci 5y ago
From the time I entered the world of Crypto (2012) until now. Both speed and ease of use were major selling points for many, if not most alt-coins. Sure, it's not the core promise of ALL those alts, but I remember a period (Raiblocks/Nano), where no crypto could even dare to under deliver on the promise of speed.
- BlueTemplar 5y ago
  Ah, for me the cryptocurrency story is still mostly about bitcoin and the overall concept of the blockchain. Promises aren't worth zilch. (We now do have additional features that some altcoins actually deliver on, the most famous one being of course Ethereum with its smart contracts... but trying to beat the ease of use and speed of in-country traditional banking is a lost cause.)
  - fbrncci 5y ago
    There was a time when Bitcoin was super fast, you send it and it's there. We didn't really care about double-spends, so no-confirmation transactions where good enough. I kind of long back to that time :). But yes, at this point, I don't think Bitcoin does neither have a speed or ease of use issues, we are long passed the stage where it was of importance.
kalleboo 5y ago
It definitely was in the early days, back when the movement was more idealistic and people were making posters comparing Bitcoin, Western Union & wire transfers to spread the word. I think around the block size debate/BCC fork era most of that rhetoric went away.