Re:CEO of a top Bitcoin exchange warns: crackdown on cryptoc...
by Daishiman on Monday April 12, 2021 @06:32PM
(#26786011)
> Pseudonymous Transactions / Privacy
Not really tech problems; you're bound to the limits of the law
> International Transfers
Not a tech problem; international trx are dropping in price as competition increases; tech doesn't change anything here.
> Micro Payments / Internet money
There is no way to scale the tech to the volume where it makes sense for microtransactions.
I'm not really seeing these as problems fundamentally limited by technology.
Re:CEO of a top Bitcoin exchange warns: crackdown on cryptoc...
by intotheabyss on Monday April 12, 2021 @07:28PM
(#26786427)
You can scale Ethereum by running computations off-chain and submitting batches of zero knowledge proofs on-chain. StarkWare https://starkware.co/ is the leading layer 2 for zk proofs. There are also other platforms that use other zero knowledge techniques to batch computation and sends proofs of that computation on-chain.
Re:CEO of a top Bitcoin exchange warns: crackdown on cryptoc...
by tootahe45 on Monday April 12, 2021 @07:14PM
(#26786322)
> - Micro Payments / Internet money
Isn't eth terrible at this? i have $12 USDT stuck on an eth address because i need to spent $30 worth of eth to send it. That's not even including the fee I'll incur when i have to send eth to the address to fund it..
- Multiple Accounts
- International Transfers
- Customization (smart contracts)
- Micro Payments / Internet money
- Low entry (Phone, internet)
- Peer 2 Peer and decentralized
- Free Software