There's No Good Reason to Trust Blockchain Technology (2019)

Re:There's No Good Reason to Trust Blockchain Technology (2019) by arcticbull on Monday August 17, 2020 @11:31AM (#24188191)

Part of the population solves none of the problem, as I outlined. The monthly minimum wage is 1 bitcoin transaction fee. It's only the wealthy that can afford to use it in the first place. It's doing nothing to increase the total welfare of the system.

I never disputed that a select few couldn't benefit from it, it's not a good general solution, though.

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Re:There's No Good Reason to Trust Blockchain Technology (2019) by zalkota on Monday August 17, 2020 @01:07PM (#24189213)

Then use dai? Much lower fee. When ethereum scales to thousands of transactions a second, it will be the top solution.

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Re:There's No Good Reason to Trust Blockchain Technology (2019) by arcticbull on Monday August 17, 2020 @01:50PM (#24189758)

That does not solve the initial distribution problem.

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