Re:Cryptocurrency is driving innovation in the financial sector
by GenericsMotors on Monday July 02, 2018 @08:37AM
(#17441110)
Most "paper" money is already digital, IIRC only something like 10% exists in physical form as bank notes and metal coins.
And which decentralized ledger would this be? Bitcoin, with its maximum of 7 TX/sec? Before you come back with the "but LightningNetwork will fix that!" argument, please do a back of the envelope calculation of how long it would take 1 billion people to open just one channel on the LN, and let that sink in...
And which decentralized ledger would this be? Bitcoin, with its maximum of 7 TX/sec? Before you come back with the "but LightningNetwork will fix that!" argument, please do a back of the envelope calculation of how long it would take 1 billion people to open just one channel on the LN, and let that sink in...