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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.

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[–] • 1 pt

1) I wrote a crypto miner. I could write my own crypto currency if I wanted. I've been programming longer than you've been alive. You don't know who your talking to 2) CC acts as an intermediary, one that already has the trust of the public because there is a finical system in place that is heavily regulated 3) It takes 3 business days to clear a transaction but you don't need to wait at the till for the transaction to clear. 4) an untrusted third party intermediary will fix EVERYTHING, LOL. Again bitcoin fails to deliver on it's promise.

You want to take a working finical system and replace it with crap. It will need all the same oversight and big players as before but it will have to be more complicated and it won't work as well. Fucking brilliant.

[–] • 0 pt

I could write my own crypto currency if I wanted

Of course you could, just clone the bitcoin repo, change the name, upload it to your own repo, and BAM - a new crypto was born. And that's the exact issue with your thought process. You think that would be the same thing as bitcoin. Bitcoin is not only the code. Its the idea that was launched in a fair way that cannot be replicated by simply cloning the repo and changing the name. Its the network that's built around it. Its the trust that has been earned over a decade of attacks.

https://armantheparman.com/why-bitcoin-only/

https://www.bitrawr.com/bitcoin-maximalism-explained

an untrusted third party intermediary will fix EVERYTHING

Its not an untrusted third party - its Math, Design, and Game Theory.

I look forward to reading your comments where you double down on your theories while a gallon of milk costs $600 and bitcoin is valued at $1M USD.

[–] • 2 pts

What the fuck are you talking about? God, just admit you got pwned and shutup.

[–] • 0 pt

Nice, you presented a response I can't argue with. Not that it was intelligent or added anything to the conversation - it was just so devoid of substance that it can't be argued with. Effective nonetheless.