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Segregated wallets doesn't work, that would mean every single trade would be a transaction on the block chain. It would absolutely flood the network and result
by nwh 12y ago
Segregated wallets doesn't work, that would mean every single trade would be a transaction on the block chain. It would absolutely flood the network and result in massive fees. It literally can't be done that way.
- jackgavigan 12y agoAnd that inherent inefficiency is just one of the reasons Bitcoin is not the future of finance.
- nwh 12y agoNo, it's just why exchanges don't needlessly segregate wallets.
- zymhan 12y agoSo you went from " if the team behind an exchange isn't capable of dealing with the complexity of individual, segregated wallets, you have to wonder whether they're competent enough to run an exchange in the first place" to "that inherent inefficiency"? Which is it, an inherent flaw in BTC, or ineptitude on the part of the exchangers?
- jackgavigan 12y agoBoth.