https://www.bloomberg.com/news/articles/2018-05-02/a-verbal-cryptobrawl-breaks-out-at-milken-over-bitcoin-s-future …pic.twitter.com/NlkWoknayr
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it's always this shit without the acknowledgment that there is no such condition "finally fails to scale," it's always, "hasn't scaled yet!"https://twitter.com/CryptoParadyme/status/993606184014827521 …
I apparently hate myself so I skimmed the replies to this, and I feel like it's undersold how few of the hardcore cryptogeeks are actually programmers
Devs will buy into plenty of bullshit, this isn't a "devs are too smart" thing, but so many crypto dudes clearly just fundamentally don't understand software
How many TPS could Visa do when the internet was 9-10 years old? Bitcoin is still young and growing. Knocking the transaction capacity because of what it does not vs. what it will do in time isn't a valid argument until it truly fails to scale. Just my 2 cents.
A lot more than bitcoin can do now.
Do you have any data supporting that? Online retail wasn't that big yet.
There's this thing called a 'point of sale machine' and it has a little port on the back you connected a 'cable' to and it would communicate with VISA over a thing called a 'telecom network'
Sure. Without any of the features.
So its about features now not scale. Cool
It's about both. Bitcoin can scale and keep the features intact. Patience.
Except it actually can't, by design. Bitcoin could scale by changing two lines of code, but the powers that be decided it would be safer if btc is immutable. When visa scaled they had to, ya know, change things.
apparently it's that they call him Dr. Doom instead of Dr. Correct
/Paul Hogan voice "That's not a fiat currency. THIS is a fiat currency."
He is trying to tell us that FIAT money is a reliable store of value? :D
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