It's going to be tough to convince the politicians and financial system regulators. Cryptocurrency will be mostly useless for legitimate transactions until they allow using it for tax payments.
No, it needs to be better in every way. If it’s not, then what’s the fucking point? Popularity and a better replacement are two different things.
>No, it needs to be better in every way. If it’s not, then what’s the fucking point?
I take it that you still use a CRT monitor then? After all, modern displays (eg. IPS/VA) aren't better than CRTs in every respect (response time, motion clarity, arbitrary scaling).
Re:Solend seized $170M of user funds
by jacobedawson on Sunday June 19, 2022 @05:19PM
(#31803616)
Here's a new type of computer - it's exactly the same as your current computer, except it consumes 1/10th of the power...
A replacement doesn't have to be better in every single facet.
Re:Solend seized $170M of user funds
by charcircuit on Sunday June 19, 2022 @05:38PM
(#31803784)
Do you mean 10x the power?
Unless you value inefficiency and spending a lot of money on electricity, the answer is "no", the parent comment actually meant 1/10th power.
Re:Solend seized $170M of user funds
by SgtBastard on Sunday June 19, 2022 @05:46PM
(#31803846)
> consumes 1/10th the power.
No.
It only needs to be better in enough ways to persuade enough people to adopt it such that it hits a tipping point and becomes the de facto standard.