Re:Let Crypto Burn
by ivalm on Sunday November 20, 2022 @02:26PM
(#33684299)
How much volume is there today in bitcoin for payment processing? Afaik extremely little. So bitcoin fails this usecase too.
[ Parent
| on HN ]
Re:Let Crypto Burn
by polygamous_bat on Sunday November 20, 2022 @02:31PM
(#33684355)
7 transaction per second, so (as far as I remember) for every person in this world to make one transaction it would take around 30 years. Finance of the future and all that.
To be fair they do have layer 2 to roll up more transactions, it’s just I think even with that it’s not a lot.
Re:Let Crypto Burn
by MildlySerious on Monday November 21, 2022 @04:35AM
(#33690653)
Bitcoin sure does and I haven't used it in half a decade. It's not a great benchmark for crypto as a whole.