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Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by charcircuit on Monday February 08, 2021 @11:09AM (#26066356)
It is solving the problem of scalability. For reference bitcoin can only handle like 5 transactions per second and ethereum like 20 transactions per second. In order to get global adoption of cryptocurrency we are going to need to scale to handle more transactions.
Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by gbersac on Monday February 08, 2021 @11:40AM (#26066793)
That being said, ETH 2.0 and bitcoin lightning will solve those problems without the need of polkadot.
Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by RhodoGSA on Monday February 08, 2021 @06:16PM (#26071671)
Dr. Gavin Wood and alot of the other Eth founders left eth cause sharding isn't going to work.
Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by andreaorru on Wednesday February 10, 2021 @11:37PM (#26098301)
How about optimistic and ZK rollups?
Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by lm28469 on Monday February 08, 2021 @11:25AM (#26066551)
I have a hard time getting excited for a product solving a problem Visa&co solved decades ago.
Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by mercurial_sucks on Monday February 08, 2021 @01:16PM (#26068029)
Decentralization, Scalability, Security

Rate Visa&Co vs ethereum 2.0 based on this.

The whole point is trustlessness

Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by lm28469 on Monday February 08, 2021 @04:30PM (#26070432)
The current system is secure and already scaled. Decentralization doesn't really bring anything to the table other than mental stimulation for nerds