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A comment on Kik, once valued at $1B, is to be closed. Parent comment

Re:Kik, once valued at $1B, is to be closed by me551ah on Thursday September 26, 2019 @06:35AM (#21079725)
Crypto does have inherent value and that is the ledger. The ledger makes sure that the coins that are with you, are replicated on thousands of nodes across the world without a decentralized entity.

A dollar for example just represents itself. You can't easily find out how many dollars actually exist, have been traded or how many dollars will there be.

A crypto, on the other hand, is completely transparent. The ledger contains the history of all transactions which can be verified. Also cryptos are produced in a completely deterministic way.

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Re:Kik, once valued at $1B, is to be closed by mrlala on Sunday September 29, 2019 @02:29PM (#21108742)
>The ledger contains the history of all transactions which can be verified.

I'm probably late to the party here... but just how many transactions can be handled in current ledgers? I mean... let's say everyone on earth suddenly agreed to use some crypto. You suddenly have lets say 4+ billion people (let's ignore kids) doing transactions per day.. can that be anywhere near supported with any current cryptoscheme?

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