Why Decentralization Matters (2018)

Re:Why Decentralization Matters (2018) by babelchips on Tuesday November 30, 2021 @07:27AM (#29391387)

Under 10 transactions per second globally is why Bitcoin isn’t used in retail.

Micropayments and nanopayments require thousands and tens of thousands TPS. There are newer generations of crypto that can do that and with none of the energy consumption problems of Bitcoin and other Proof of Work systems.

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Re:Why Decentralization Matters (2018) by ulzeraj on Tuesday November 30, 2021 @08:06AM (#29391666)

Sphinx chat payments work exclusively on Lightning and so is the El Salvador Chico wallet. Why do people keep using the same uninformed arguments every time bitcoin is mentioned?

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Re:Why Decentralization Matters (2018) by Robotbeat on Tuesday November 30, 2021 @08:46AM (#29391993)

Sounds like recentralization to me.

IMHO, if we’re gonna do cryptocurrency, we should try to make as many transactions as possible on layer 1.

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Re:Why Decentralization Matters (2018) by ulzeraj on Tuesday November 30, 2021 @08:51AM (#29392056)

You can run Sphinx on your own hardware. You can pay bills on El Salvador with any LN wallet connected to any node.

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Re:Why Decentralization Matters (2018) by Geee on Tuesday November 30, 2021 @09:03AM (#29392165)

I think summm's comment was mocking anti-bitcoiners, but some people probably took it seriously.

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