Can't stop thinking about how much we need something like the thing that Bitcoin claims to be, but isn't (ie: it claims to be a digital, decentralized currency, but is not)
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The problem is Bitcoin doesn't scale. Like, at all. By design. It's a colossal failure of distributed systems design. Mining capacity is a *constant* - it doesn't matter how many or few miners you have (as long as you have some).
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So people aren't competing for the limited capacity of miners, they're competing for the limited capacity of the *system as designed*. There is literally a fixed bound of *four transactions per second*. Globally. Forever. Doesn't matter how many gigawatts you pump into it.
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God
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