Re:Bitcoin’s first day as El Salvador’s legal tender
by ninetenfour on Wednesday September 08, 2021 @08:23AM
(#28456023)
Wait, is BTC really only doing 4 transactions a second? I knew it was bad, but I didn't realize this bad. Bitcoin is like a 1960s mainframe computer in an old bank headquarters that runs everything but is an archaic relic.
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Re:Bitcoin’s first day as El Salvador’s legal tender
by UncleMeat on Wednesday September 08, 2021 @08:47AM
(#28456215)
Yes. There was a big argument several years back about increasing transaction counts and the "more transactions please" advocates lost. BTC, by design, targets roughly this number of transactions per second regardless of how much energy is spent to mine.
Re:Bitcoin’s first day as El Salvador’s legal tender
by seanw444 on Wednesday September 08, 2021 @10:03AM
(#28457153)
Isn't this the reason for the Lightning network layer?
Re:Bitcoin’s first day as El Salvador’s legal tender
by UncleMeat on Wednesday September 08, 2021 @10:48AM
(#28457836)
It is. There are some people who believe that lightning causes a "worst of both worlds" situation where you are reliant on intermediate processors for everything and the network still emits gobs of CO2.