News for hackers. Stuff that matters.

A comment on Bitcoin Isn’t Tulips, It’s Open Source Money. Parent comment

Re:Bitcoin Isn’t Tulips, It’s Open Source Money by gruez on Thursday November 23, 2017 @01:12PM (#15766808)
>A) Bitcoin is congested with transactions and takes hours to process some of them

>B) Bitcoin fees are through the roof

actually that pretty much fizzled out. https://jochen-hoenicke.de/queue/#30d

>it sometimes costs as much as 25% of the value of a transaction to send

it sometimes even cost 99% of the value you're sending (if you were sending 1000 satoshis 2 weeks ago).

>F) Bitcoin is not actually anonymous

strawman. bitcoin is pesduo-anonymous. anyone who did 5 mins of research would know this.

[ Parent | on HN ]
Re:Bitcoin Isn’t Tulips, It’s Open Source Money by aitrean on Thursday November 23, 2017 @01:16PM (#15766833)
You are correct about F. Pseudo-anonymous is what I was trying to emphasize. But by itself, Bitcoin's anonymity would crumble under pressure to identify users at PoS endpoints.
[ Parent | on HN ]
Re:Bitcoin Isn’t Tulips, It’s Open Source Money by tzakrajs on Thursday November 23, 2017 @01:41PM (#15767016)
Exactly, it's trivial for governments to unmask anyone who wants to legally deal in Bitcoin. They will probably make it illegal to hold at all, but we shall see.
[ Parent | on HN ]