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Crypto will always be a solution in search of a problem.
by mise_en_place 3y ago
Crypto will always be a solution in search of a problem.
- bb88 3y agoCrypto will always be a problem that can only be fixed with more crypto.
- siftrics 3y agoIn the past 24 hours, close to 1 trillion dollars worth of payments have been settled on blockchains. They eschew the need for intermediaries, like the numerous banks that recently imploded and locked depositors' funds away for who knows how long. They eschew credit risk. Creditors cannot take your funds on an L1, even if they maliciously try.
- mise_en_place 3y agoYea that’s fair but look what happened to BTC when BRC-20 was implemented. Similar problem on ETH L1 chain, the txn fee is very high. Imagine if Visa had those fees, no business in their right mind would use them
- siftrics 3y agoThere are chains that don't have such fees. Also, a wire transfer fee on a million bucks is like $20-$40. That's pretty comparable to ETH and BTC fees.