Re:GNU Taler – Electronic payments for a liberal society
by userulluipeste on Wednesday September 23, 2015 @05:05AM
(#10263999)
Bitcoin will never succeed in its current form because its capabilities are limited in a number of ways by design, even if the problem of public's level of expertise goes away. One of such limitations is, even if there are subdivisions down to a "satoshi", "satoshi" level of payments are not currently (and I believe that will not ever be) possible. That is because of another limitation, that is the centralized nature of the ledger which acts as a bottleneck.
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Re:GNU Taler – Electronic payments for a liberal society
by onnoonno on Thursday September 24, 2015 @10:55AM
(#10271949)
Where is the center of the ledger?
Re:GNU Taler – Electronic payments for a liberal society
by rtkwe on Friday September 25, 2015 @08:26AM
(#10277714)
I think they're referring to the scalability problem where the number of transactions and size of the blockchain grow to a point where running a full node is prohibitively expensive and leads to a smaller number of miners verifying transactions.
http://radar.oreilly.com/2015/01/blockchain-scalability.html