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A comment on Is Bitcoin the Future of Money?. Parent comment

Re:Is Bitcoin the Future of Money? by CJefferson on Tuesday May 06, 2014 @06:25AM (#7703594)
Bitcoin only supports 7 transactions a second as I understand it. Surely that instantly kills any idea it could be the future of money?
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Re:Is Bitcoin the Future of Money? by exo762 on Tuesday May 06, 2014 @06:27AM (#7703603)
This is a temporary technical issue.

https://en.bitcoin.it/wiki/Scalability

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Re:Is Bitcoin the Future of Money? by dalore on Tuesday May 06, 2014 @06:34AM (#7703623)
Good way to stop high frequency trading then.
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Re:Is Bitcoin the Future of Money? by vertex-four on Tuesday May 06, 2014 @07:15AM (#7703729)
No, by transactions, they mean transactions on the block chain. That is, only 7 people in the entire world can buy things with Bitcoin every second.

HFT markets would use off-chain transactions, like all current Bitcoin exchange markets, so wouldn't be affected by this in the slightest.

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Re:Is Bitcoin the Future of Money? by snitko on Tuesday May 06, 2014 @07:17AM (#7703735)
You have no idea what you're talking about. Trading on the blockchain is insane and no one is really attempting to do it.
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Re:Is Bitcoin the Future of Money? by pathy on Tuesday May 06, 2014 @06:59AM (#7703680)
Or simply stop adaptation on a larger scale.
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