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An overview of a subset of the myriad issues that contribute to bitcoin being a very bad currency: https://github.com/theborakompanioni/bitcoin-spring-boot-sta

• the_clarence 2y ago
  That's an interesting link but it's more about trivia than an argument against bitcoin. If you want to have a serious conversation I'm here for you: Bitcoin is slow, not user friendly (utxo model vs account model), wastes energy, and is barely programmable (scripting language is extremely limited)
• riknos314 2y ago
  These are much more technical and don't even mention the more obvious issues: Block settling time: If a transaction isn't complete until 1 (or n) blocks have been committed, and mining a block takes meaningful time, then this places significant constraints on spending. If I go to the store, and buy something with bitcoin, but it takes 20 minutes for the next block to be mined, does the store need to hold the goods in escrow until the transaction clears leaving me stuck waiting for 20 minutes? There's also no guarantee that my transaction ends up in the next block being mined, so I may need to wait an indeterminate amount of time before I can walk out with my paper towels - horrible UX. Lack of physical cash: if the power is out, how do we do business? Tension between wallet security and convenience of spend.
  • john_minsk 2y ago
    Didn't you get the news: BTC is no longer new money. It is new gold now.