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Re:Cambridge Bitcoin Electricity Consumption Index by Geee on Thursday February 11, 2021 @05:50AM (#26100186)
Re:Cambridge Bitcoin Electricity Consumption Index by ashtonkem on Thursday February 11, 2021 @10:22AM (#26102376)
Pointing to a Visa card to solve crypto scaling is probably not the argument I’d go for.
Re:Cambridge Bitcoin Electricity Consumption Index by Geee on Thursday February 11, 2021 @05:56PM (#26108580)
That's exactly how the Bitcoin's payment layer scales. Visa is just one solution, but that's probably the most popular one. The settlement layer doesn't have to scale, because it's possible to scale the payment layer. You get all the benefits of sound money with the usability of fiat money.
Re:Cambridge Bitcoin Electricity Consumption Index by ashtonkem on Thursday February 11, 2021 @08:04PM (#26109686)
It scales by using the system that Bitcoin was supposed to replace?

Again, that’s not an argument for Bitcoin, just so we’re clear. This is an argument for visa instead.

Re:Cambridge Bitcoin Electricity Consumption Index by spurgu on Friday February 12, 2021 @05:23PM (#26119216)
Eh, that was an example that everyone can grasp. A more inline alternative would be Lightning Network.
Re:Cambridge Bitcoin Electricity Consumption Index by Geee on Friday February 12, 2021 @06:41PM (#26119923)
No, Visa is a payment network that works with any currency. Bitcoin replaces the US dollar, not Visa.