Re:Did Bitcoin just prove it can't scale?
by moduspol on Saturday December 09, 2017 @01:25PM
(#15887171)
What Bitcoin does absolutely is impressive, just not in terms of transaction volume. Comparing it to a rails app is pointless.
If we can improve the transaction rate without risk, then let’s do it. It just gets tiring seeing post after post suggesting it’s a valueless failure if it can’t be used for coffee. Let’s just keep it in perspective. It doesn’t need to supplant Visa to be successful.
Re:Did Bitcoin just prove it can't scale?
by moduspol on Saturday December 09, 2017 @02:58PM
(#15887750)
It provides a ton of value even if you can’t reasonably buy coffee with it. The path to replacing fiat is not adding risk or unpredictability to the figurehead cryptocurrency.
If we can improve the transaction rate without risk, then let’s do it. It just gets tiring seeing post after post suggesting it’s a valueless failure if it can’t be used for coffee. Let’s just keep it in perspective. It doesn’t need to supplant Visa to be successful.