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A comment on S&P Dow Jones Indices to launch cryptocurrency indexes in 2021. Parent comment

Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by short_sells_poo on Thursday December 03, 2020 @02:22PM (#25293310)
In fact what parent is saying is that fast transaction speeds are not something that are solely enabled by bitcoin. There is absolutely no technical reason why transfers have to take days between banks. That's just down to the banks in your country having a crappy infrastructure.

In fact, among the interesting properties of Bitcoin, I'd rate transaction speeds as the least relevant - chiefly because network throughput and transaction speed is actually pretty poor if you compare it to what is achievable with classical tech.

[ Parent | on HN ]
Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by ZephyrBlu on Thursday December 03, 2020 @06:03PM (#25296594)
> There is absolutely no technical reason why transfers have to take days between banks. That's just down to the banks in your country having a crappy infrastructure

This is one of the reasons crypto is a great solution though. You don't have to rely on institutions for the infrastructure.

[ Parent | on HN ]
Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by mettamage on Friday December 04, 2020 @02:58AM (#25300076)
> There is absolutely no technical reason why transfers have to take days between banks. That's just down to the banks in your country having a crappy infrastructure.

I agree that there's no technical reason. For example, "crappy infrastructure" is an economic reason why fast bank transfers wouldn't work. I'm evaluating bitcoin as a political/economic tool.

[ Parent | on HN ]