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A comment on Blockchain is not only crappy technology but a bad vision for the future. Parent comment
Wait, aren't blockchain transactions hilariously slow and depend on an internet connection?
> Clearinghouses make a lot of money just guaranteeing transactions. That is friction in the system.
Aren't popular blockchains using transaction fees to pay for validation?
> Wire transfers, ACH, cashiers checks, etc all have the same issues.
Seems to also apply to bitcoin.
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Wait, aren't blockchain transactions hilariously slow and depend on an internet connection?
> Clearinghouses make a lot of money just guaranteeing transactions. That is friction in the system.
Aren't popular blockchains using transaction fees to pay for validation?
> Wire transfers, ACH, cashiers checks, etc all have the same issues.
Seems to also apply to bitcoin.