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A comment on The World's First Bitcoin Conference. Parent comment

Re:The World's First Bitcoin Conference by dissident on Friday October 21, 2011 @06:09AM (#3139145)
That's actually not specifically the problem with crytocurrencies. The CPU cost is dynamic in bitcoin, and has changed in the past to reflect more or less people mining new bitcoins.

The real problem with crytocurrencies is scaling transactions. In a model where every participant has to be aware of every transaction, it is extremely difficult to imagine it (quickly) handling millions of transactions a day.

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Re:The World's First Bitcoin Conference by jerguismi on Friday October 21, 2011 @06:33AM (#3139208)
> The real problem with crytocurrencies is scaling transactions.

Bitcoin economy should grow pretty big before scaling really becomes a problem. I think it won't be a problem for at least 1-2 years, unless things really explode. That would mean new world order :D

Some of the scalability issues are addressed here: https://en.bitcoin.it/wiki/Scalability

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