News for hackers. Stuff that matters.

A comment on A universal, federated payment protocol. Parent comment

Re:A universal, federated payment protocol by nemonoko on Wednesday June 26, 2013 @11:56AM (#5946848)
Have you ever tried to send a bank wire before? It can take a week to process and it costs on average $15+. Not an awesome technology.
[ Parent | on HN ]
Re:A universal, federated payment protocol by geal on Wednesday June 26, 2013 @03:22PM (#5948354)
I have not said it's awesome, I just said it is decentralized :)

How will your system cope with the augmentation of transactions? I see you use a consensus based system like Bitcoin, and these tend to take more and more time to converge when the number of transactions gets bigger.

[ Parent | on HN ]