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Digitally and trustlessly transferring value without being at the whim of some big corporation that makes and changes the rules as they see fit. I don't care a
by MildlySerious 4y ago
Digitally and trustlessly transferring value without being at the whim of some big corporation that makes and changes the rules as they see fit.
I don't care about any of the use cases you mention because those are made up. The need to transfer value isn't.
There's a new Stripe or Paypal horror story on HN every other week, and the only way to get around them is to trust the next best entity until they break down, or to give up more privacy than a simple purchase should ever require.
- ivalm 4y agoHow much volume is there today in bitcoin for payment processing? Afaik extremely little. So bitcoin fails this usecase too.
- polygamous_bat 4y ago7 transaction per second, so (as far as I remember) for every person in this world to make one transaction it would take around 30 years. Finance of the future and all that.
- ivalm 4y agoTo be fair they do have layer 2 to roll up more transactions, it’s just I think even with that it’s not a lot.
- MildlySerious 4y agoBitcoin sure does and I haven't used it in half a decade. It's not a great benchmark for crypto as a whole.