Analyzing Cryptocurrencies Using PostgreSQL

Re:Analyzing Cryptocurrencies Using PostgreSQL by richardwhiuk on Wednesday June 28, 2017 @05:41PM (#14658746)

Bitcoin's total potential transaction volume is about 3 orders of magnitude less than the Visa network. It's a massively centralized currency (everyone has a list of every transaction in the currency) compare to any real currency which can perform transactions solely between two parties.

There is absolutely no inherent value and no transaction is denominated in bitcoins (you can pay in the number of bitcoins equivalent to a number of dollars, but nobody operating a real business wants a number of bitcoins for a good or service).

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Re:Analyzing Cryptocurrencies Using PostgreSQL by Frogolocalypse on Wednesday June 28, 2017 @06:00PM (#14658886)

> Bitcoin's total potential transaction volume is about 3 orders of magnitude less than the Visa network.

Why are you comparing it to visa? I have no intention of getting rid of my cc. My bank account on the other hand...

> There is absolutely no inherent value

Clearly the people who have assigned value by acquiring it would disagree with this, yes?

> and no transaction is denominated in bitcoins

That's just false. Almost all other cryptos are priced in bitcoin, which i think is the subject matter of this thread.

> nobody operating a real business wants a number of bitcoins for a good or service

Oh dear. No. If you think that service providers that are paid in bitcoin aren't keeping their bitcoin holdings you're kidding yourself. That may have been the case a few years ago, but today? There are services today that do exactly the opposite : take a wage and immediately convert into bitcoin and place it in your wallet.

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