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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Replying to @mcclure111
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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Replying to @marcan42 @mcclure111
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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Bitcoin Cash forked and increased that to... 8x. Yeah. Best fix ever. Though in the short term it's working; transaction fees there are palatable. For now. It's still utterly broken, of course.
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