Re:The Case Against Crypto
by RedBeetDeadpool on Wednesday December 08, 2021 @08:49AM
(#29484634)
> Slack in the motion of finances. It prevents the entire system from seizing up when there are problems.
That's not my problem. Why would I, a greedy actor, ever care about the system at large? Just give me my BTC. Why would I ever take frBTC (fractionally reserved BTC) over BTC?
> I have no idea how this is related to the discussion at hand.
What I'm saying is the frBTC (fractionally reserved BTC) is just another altcoin, no different than puppyCoin, BitcoinSV, or buttCoin. The thing you talk of about a fractionally reserved BTC already exists, has been happening, and will continue to happen for as long as people can fork code. The trick is convincing anyone at all that they are the same thing.
Slack in the motion of finances. It prevents the entire system from seizing up when there are problems.
Yes, people who want to bank themselves won't have access to any of these systems. But I personally think that people are fools for thinking that even if BTC takes over the planet that everybody will operate their wallets themselves, especially if lighting is what is needed to scale.
> There are many alternate forms of btc already, just look at bitcoin cash, bitcoin sv, bitcoin gold, bitcoin sv, the list goes on and on and on and on.
I have no idea how this is related to the discussion at hand.