Re:Bitcoin not for me, says Bill Gates
by CyberDildonics on Friday February 26, 2021 @09:18AM
(#26274958)
1.5KB/s
That's the current throughput of bitcoin. When the ridiculousness of that is pointed out, why do people start talking about Visa's volume?
Bitcoin is unusable for regular transactions.
A single transaction costs as much as an -entire hard drive- that can store the current chain multiple times over. After 11 years the chain takes up $6 of hard drive space.
The only people that need to sync with the chain are miners, exchanges, online wallets and enthusiasts.
That's the current throughput of bitcoin. When the ridiculousness of that is pointed out, why do people start talking about Visa's volume?
Bitcoin is unusable for regular transactions.
A single transaction costs as much as an -entire hard drive- that can store the current chain multiple times over. After 11 years the chain takes up $6 of hard drive space.
The only people that need to sync with the chain are miners, exchanges, online wallets and enthusiasts.