Bitcoin's Golden Future

Re:Bitcoin's Golden Future by Cthulhu_ on Wednesday September 06, 2017 @09:52AM (#15183636)

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.

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Re:Bitcoin's Golden Future by criddell on Wednesday September 06, 2017 @09:57AM (#15183669)

But Bitcoin only has a few hundred thousand transactions every day. What database can't handle that small number of transactions?

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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

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Re:Bitcoin's Golden Future by lurker456 on Wednesday September 06, 2017 @11:17AM (#15184335)

bitcoin is a byzantine fault tolerant distributed database, it's performance characteristics are different.

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