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Latency and fees are higher than existing mechanisms in most of the world, and at much higher environmental cost. Also, crypto is an objectively riskier "store

Latency and fees are higher than existing mechanisms in most of the world, and at much higher environmental cost. Also, crypto is an objectively riskier "store of wealth" than traditional measures, and is mostly used as a speculative investment or an arbitrage opportunity.

bhawks 3y ago
> Latency and fees are higher than existing mechanisms in most of the world, and at much higher environmental cost. This statement is simply incorrect. The later 2 scaling ecosystems built on top of Bitcoin and Ethereum offer 1-2 second transaction times for 3-4 cents in fees. The electrical costs are equivalent to sending an email. https://lightning.network/ https://lightning.network/ https://www.optimism.io/ https://www.optimism.io/ https://arbitrum.io/ https://arbitrum.io/ https://ethereum.org/en/layer-2/ https://ethereum.org/en/layer-2/ > Also, crypto is an objectively riskier "store of wealth" than traditional measures, and is mostly used as a speculative investment or an arbitrage opportunity. In a country like Argentina where inflation is over 100% the risk of holding crypto seems to be a much better deal than a savings account. https://www.bloomberg.com/features/2023-argentina-presidential-elections-inflation/?in_source=embedded-checkout-banner https://www.bloomberg.com/features/2023-argentina-presidenti...