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It's beautiful to see all of these politicians realize how poor the current system is and try to propose solutions. In the end every single solution ends up being some centralized system. I cannot wait to see their "United World Federation Payments App Acyclic Graph Free Coin"
Checks and their paperless equivalents take time to to clear because mistakes and fraud can happen. The paying account may be wrong and money may or may not be in it. Legislation cannot fix this. Bitcoin fixes this. Six confirmations and your wages are irreversibly yours.https://twitter.com/MattZeitlin/status/1167889514942984199 …
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Sure, and we can recognize that resident cafe poet has the authority to cook a 5-star dinner. Does that make it happen?
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I bet the poet could at least make it look like a 5 star dinner. They need to hire some shitcoiners to prepare them a presentable document. The XRP boys are ready:pic.twitter.com/gqdomlYAjG
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I love how politicians tend to think that you can legislate technology into existence.
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Szabo, The
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I appreciate how based he is.
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That’s all well and good but when it’s got 30000 unconfirmed TX it a bit of a joke. However
$dero with its 12 second block time is
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Although Bitcoin does solve this. Warren is grandstanding here for votes and conflating a problem that is non-existent for most people. Most companies do direct deposit now which typically clears at midnight the morning of the payday. The free market already solved her scenario.
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Wouldn't want my paycheck in BTC. Linkage of address/ID exposes that and all tx's in past and future, globally. A decentralized currency w/ firm privacy & smart contracts within the first layer is what'll work.
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$CCX may be what you're looking for. Not a shill, it actually sounds like what you're looking for.
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Most people don't understand that
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Just buy Bitcoin and ignore the clueless ones like Warren.
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Might be true but banks choose whih customers get immediate use of funds. And it doesn't benefit those that need it the most.
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Maybe before she thinks about centralizing payments with the government as a middleman, she should think about how to modernize the IRS
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Paying people daily in crypto would be a game changer whoever does this. The Uber payroll model only on a larger scale.
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Pandering to the sheaples.
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Also... any salary job I've ever seen pays you the prior week if the 1st lands on a weekend or holiday. And I've never seen a non-salary job that pays monthly or bi-monthly.
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There's never been a Bitcoin-based fraud or mistake?
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