Re:Bitcoin is failing at becoming the future of money
by colordrops on Thursday May 20, 2021 @02:00PM
(#27224693)
That isn't really a fair representation. The amount of leeway to affect policy and transactions on a blockchain by whomever you think these middlemen are is negligible compared to things like stocks and bank accounts.
No middle man can stop you from sending BTC to someone in Asia. No middleman can force your transaction to take 5 days. No middleman can stop your transaction. No middleman can stop transactions at night and weekends. No middleman can trade afterhours while you are stuck waiting until the next day.
Re:Bitcoin is failing at becoming the future of money
by marcosdumay on Friday May 21, 2021 @05:08PM
(#27239988)
Hum... Yeah, the different middleman come with different problems, not the same ones.
We don't have much clarity on what those new problems are (we know very few of them), but what is perfectly clear is that every interested party is actively avoiding creating some mechanism for solving them.
And there isn't enough attention to the Bitcoin governance to make it better than the government-based system. Cryptocoin people don't even want to discuss governance, because they like to believe there's nothing to govern and nobody governing.