Re:Hard Problems in Cryptocurrency: Five Years Later
by solveit on Sunday November 24, 2019 @06:48AM
(#21619816)
Bitcoin certainly got enormously slower. But the other major currencies (ethereum, xrp, etc) are both much faster and more liquid than BTC was in 2015.
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Re:Hard Problems in Cryptocurrency: Five Years Later
by omarchowdhury on Sunday November 24, 2019 @03:47PM
(#21623263)
> Bitcoin certainly got enormously slower.
https://bitinfocharts.com/comparison/bitcoin-confirmationtim...
Average block time data doesn't agree with you, or are you talking about something else?
Re:Hard Problems in Cryptocurrency: Five Years Later
by skohan on Monday November 25, 2019 @02:15AM
(#21626084)
It's not about whether the next block will come on time, it's whether your transaction will be in it.
Re:Hard Problems in Cryptocurrency: Five Years Later
by omarchowdhury on Monday November 25, 2019 @09:13PM
(#21635081)
That has only been an issue around the Dec '17 congestion. I can have my transaction mined in the next block for the satoshi equivalent of $0.61 today.
Re:Hard Problems in Cryptocurrency: Five Years Later
by skohan on Tuesday November 26, 2019 @08:25AM
(#21638039)
That's interesting, I didn't know it speeded up again. I guess it still is an issue though: it's hard to trust a currency with the knowledge that it's transaction speed could potentially slow down by hours or days if there is too much traffic.