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No realistic takes on crypto allowed on HN, you might get banned.
by doopy1 4y ago
No realistic takes on crypto allowed on HN, you might get banned.
- chaps 4y agoCan you explain why you think it's realistic? Nothing they claim seems to hold much truth in-practice.
- ethanbond 4y agoDescribing crypto transactions as fast and cheap? Yeah, incredibly realistic!
- arcturus17 4y agoThe idea that crypto solved "fast, global, cheap, secure, anonymized transfer of value" is not "realistic" - it's preposterous.
- doopy1 4y agoIt's faster and cheaper than a bank transfer and receiving party can maintain anonymity, so yes it's realistic.
- noAnswer 4y agoBitcoin can only process 7 transactions per second globally. Ethereum 25. That is not fast. If you want to get an actual transfer cheapness goes out of the window. And it is not anonym either.
- 0des 4y agoThere are much faster cryptoasset networks, which I'm sure you already know, but the problem then becomes liquidity and volume required to not create slippage in the process.