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> the market will find a way to deliver it at scale in a cost effective way This really isn't a given. Look at the problems encountered trying to scale Bitcoin
by davedx 4y ago
> the market will find a way to deliver it at scale in a cost effective way
This really isn't a given. Look at the problems encountered trying to scale Bitcoin - slow transaction speed and high energy use. They're still unsolved, because some properties of a given technology are inherent to that technology.
There's no guarantee something is scalable, especially something that might (as the article suggests) have exponentially increasing costs in its default configuration.
- naasking 4y ago> Look at the problems encountered trying to scale Bitcoin - slow transaction speed and high energy use. They're not unsolved, they're actually trivially solved by using an exchange. That just comes with its own risks.
- davedx 4y agoHow is the high energy cost of mining Bitcoin solved by exchanges? Also if I want to use crypto for anything except speculation within an exchange, the transaction speed is still an issue, even with apps like Coinbase. (Or at least it was last time I used it). I know Lightning Network helps but that's like a layer on top of Bitcoin because the Bitcoin tech itself doesn't scale well