People don't want to run their own bank

Re:People don't want to run their own bank by FabHK on Friday February 04, 2022 @09:43AM (#30207322)

But if the vast majority of people want the convenient feature-rich centralised version, why pay for the immense inefficiencies that a decentralised infrastructure incurs?

Just one example: If everyone on earth used Bitcoin, there'd just be enough capacity for everyone to get in around one or two transactions in their lifetime.

Decentralization at the core is a massive waste, while providing almost no benefit except to a very few.

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Re:People don't want to run their own bank by Tenoke on Friday February 04, 2022 @10:03AM (#30207584)

If you build with centralization on top you can ignore most of the inefficiencies by doing the majority of operations outside of the base Blockchain and only integrate and settle just enough on-chain to be able to integrate with the rest.

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Re:People don't want to run their own bank by ilaksh on Friday February 04, 2022 @03:01PM (#30212176)

Arguing against cryptocurrency by using bitcoin as an example is like arguing against aviation by citing an early Wright crash.

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