Re:Bitcoin's Golden Future
by python1234 on Wednesday September 06, 2017 @09:45AM
(#15183594)
This I can agree with after selling some code from bitcoins it can take hours before I get my coins. I'm not sure they can do anything about it at this point.
[ Parent
| on HN ]
You'd probably see similar delays in banking if all banks had to record all their transactions in a central database. It's simply not a scalable system.
But Bitcoin only has a few hundred thousand transactions every day. What database can't handle that small number of transactions?
Re:Bitcoin's Golden Future
by vasilipupkin on Wednesday September 06, 2017 @11:17AM
(#15184334)
Bitcoin is not, in my opinion, a system for transactions. It's essentially a store of value - that's it. If you want quick transactions, you won't do it faster with decentralized than with centralized systems. Decentralized is slower by construction