How much value does that really add? Traditional banking doesn’t have many problems with that and it’s moot for most people because the bank has to honor commitments even if they make an error.

I guess if you don't understand the problem behind decentralization you can say stuff like that...

Why don’t you demonstrate some of that alleged understanding to answer the question? Start by producing evidence supporting your belief that there is some significant problem with transaction history modification and move on to why that problem cannot be more efficiently addressed using proven cost-effective techniques.

Maybe try Googling for once

This is not an effective way to convince someone you know what you’re talking about.

I'm not interested in you right now. Why do you keep replying to me? Is this really appropriate for HN? I have to use these replies preciously.

i think the value is also the ability to transfer value relatively quickly without having to sit at a bank for 30 minutes to do so.

Bitcoin transaction times aren’t much better - I see recent times in the 15-80 minute range on average, well in the thousands range earlier this year.

It’s also odd not to acknowledge that banks have had electronic transfers for decades. You wait seconds for a card transaction and almost every financial institution allows you to do transfers without visiting a physical office.

I can transfer value within seconds using Zelle, Venmo, Paypal, Square, etc., for free right where I'm sitting now. Nowhere near a bank.

AFAIK, Bitcoin takes a minimum of 10 minutes assuming that I wish to pay the going transaction fee, or as long as 3 days (or even never!!!) if I use a de minimis fee. And that's assuming a significant risk that the value of the value transferred will not have the same value by the time the transaction actually goes through.

I should have warned you people will try to downvote you for trying to help me