![Juan⚡️Galt- [₿e Your Own Vault]](https://pbs.twimg.com/profile_images/1137054819976278016/GYW35arI_normal.png)
hardly a reason to ignore the system's inefficiency. It's successful in spite of that, not because of it
Why it is pathological to compare Bitcoin tx-per-sec to thruput of networks like PayPal and Visa that are based on "call the cops" security.https://twitter.com/NickSzabo4/status/827633481618305024 …
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Those of us who are excluded from banking aren't complaining. Slow transaction or no transaction? Hmm
@nerflad @donaldmcintyre_@NickSzabo4 -
If people are so pleased with Visa and Paypal, then by all means use them. Seriously.
@nerflad @donaldmcintyre_@NickSzabo4 -
I should mention I have BTC and wish the best. Just trying to assess reality and avoid zealotry
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I'm guessing you also have access to banking? What is the best that you're wishing for? Is it profit?
@nerflad @donaldmcintyre_@NickSzabo4 -
got mine for free 5 years ago so that ship has sailed. My only point was current blockchain has glaring design problems
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I have been using Bitcoin regularly for years now. In the name of research, I'll check again tomorrow.
@nerfladhttps://twitter.com/haydentiff/status/751895847537823745 …
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You are certainly a Bitcoin goddess
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Actually, VISA throughput is a joke in this time and age for a centralized solution. Try sidechains?
Thanks. Twitter will use this to make your timeline better. UndoUndo
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$16B is just a datapoint - it doesn't predict the future. Bitcoin & Ethereum are PoCs - not the future
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Moore's law doesn't apply to intentionally inefficient algos like PoW & DBs w 100% replication factor
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@NickSzabo I dont doubt blockchain's value for certain problems, but can't ignore limits of current implementation foreverThanks. Twitter will use this to make your timeline better. UndoUndo
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"call the cops" security and "even the non-customers pay the insurance for a terrible security model"
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as long as you don't count the cost of learning to protect the bank on your computer into that
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About 100 EUR is a Trezor. And u get better security than all banks together. There are cheaper options also...
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just don't lose that dongle. We tried to get people to love smart cards at DoD. Good luck.
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