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Yo @yukiame In today's real world of finances the cryptocurrencies have a scalability problem:
REAL WORLD:
Paypal manages 193 transactions per second
Visa manages 1667 transactions per second,
FUNNY MONEY:
Ethereum does 20 transactions per second.
Bitcoin manages 7 transactions per second.
Pay the lowest possible transaction fees, then you will have to wait for a median time of 13 mins for transactions to go through.
Folks bitch about someone writing a check in the queue.
yukiame🖕Quantum_Yuki
@YoVinnie it actually can do only 3-4 and still no one complains - but you don't get it
DrChris✅
@YoVinnie @yukiame The everyday transaction problem is solved by Ripple, but that's more of a centralized currency masquerading as a cryptocurrency.
BTC is (by those believing in it) more of a store of value, like gold, but more flexible. I could see it used for large transactions that need verification.
I have no idea where it all goes, but I'd rather be in an go to $0 than out and it booms.
yukiame🖕Quantum_Yuki
@DrChris @YoVinnie it never goes to 0 nothing goes to 0 and Ripple is a Scam . 400 of the best Dev worlwide are working on scaling Bitcoin and we got Lightning Network ante portas
👁️ 💖 🎶
Yo @yukiame I never mentioned going to O. Things do go to zero, even if you say no. Go and check the value of Enron stock.
Last year this time, till today Bitcoin has risen +789.88%. I go on an age old principle that hasn't failed me yet. When something appears to be too good to be true, look the fuck out. The science is in... 400 of the best...
yukiame🖕Quantum_Yuki
@YoVinnie https://noagendasocial.com/media/bleroOY4msmXl8qnDlg
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