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Imagine sitting a till for 45 minutes waiting for your transaction to be included in a block so you can pay for your groceries but bitcoin crashes during that time and you have to spend eight times as much bitcoin as you did when you walked in the store.

Imagine being so fucking retarded as to think people will tolerate that and that bitcoin has a future.

Imagine sitting a till for 45 minutes waiting for your transaction to be included in a block so you can pay for your groceries but bitcoin crashes during that time and you have to spend eight times as much bitcoin as you did when you walked in the store. Imagine being so fucking retarded as to think people will tolerate that and that bitcoin has a future.

(post is archived)

[–] 1 pt

The blockchain has a future. But not as a general nationwide currency. And not as a store of value. But very well to trade with underlying assets that are a store of value.

Bitcoin could not replace the traditional role of gold, which was capital transactions. It can’t replace the traditional role of silver, which was retail transactions.