Now, in 2018 around 657 thousand of bitcoins were mined which ostensibly could cause 115*0,657 ~ 75 freaking deaths for the entire population of the US. Now, traffic accidents alone took the lives of almost 37 thousand people for the same year. A year earlier 40 thousand people died just from gun-shots.
I do understand that banks/payment systems do everything they can to discredit crypto-currencies but this "research" is kinda ove
Except the credit card system has value and purpose and by reducing the friction of commerce, creates more commerce, which raises everyone's standard of living and makes for a rich society with free time for the arts, sciences, and so on. Or we could go back to trading pretty rocks for sacks of grain at the end of each harvest and dying young after living brutal hard lives. Whereas crypto provides nothing of value.
Need to move 10k to your uncle in Algeria? done in half a second
The rate limits preclude your "half a second" nonsense. Its almost like you are lying instead of just being wholly ignorant of crypto. The reason its almost like you are lying is because you came here acting liker the expert making absolute claims that are trivially false.
So here is my advice... stop being a dishonest fuck. Either you are knowingly dishonestly pretending to be knowledgeable, or you are knowingly saying untrue things with the intent to mislead. Stop being a disho
10 minutes for a new type of transaction system versus nearly instantaneous with transaction systems that date back to the 70s.
That's pretty fucking shitty if you ask me. All this modernity, and yet the old system has a transaction time THREE ORDERS OF MAGNITUDE lower than the new system.
If I need to wait ten fucking minutes for my transaction to clear before they begin making my cheeseburger, I'm just going to cancel the transaction, get real cash, and pay that way - instantly.
It's hard to imagine anything more wasteful than a Bitcoin-style blockchain that requires mass hash reversal to add the next block, other than perhaps the same thing with longer/more expensive hashes. Remember that whole power plants have been brought online to power this bullshit. One cryptocurrency mining operation probably uses more power than one of the major credit cards' entire IT infrastructure.
From the paper:
Mortality per million mined coins
Bitcoin 2018: USA: ~115
Now, in 2018 around 657 thousand of bitcoins were mined which ostensibly could cause 115*0,657 ~ 75 freaking deaths for the entire population of the US. Now, traffic accidents alone took the lives of almost 37 thousand people for the same year. A year earlier 40 thousand people died just from gun-shots.
I do understand that banks/payment systems do everything they can to discredit crypto-currencies but this "research" is kinda ove
Crypto is the ultimate reduction of friction
Rate limits are friction
Need to move 10k to your uncle in Algeria? done in half a second
The rate limits preclude your "half a second" nonsense. Its almost like you are lying instead of just being wholly ignorant of crypto. The reason its almost like you are lying is because you came here acting liker the expert making absolute claims that are trivially false.
So here is my advice... stop being a dishonest fuck. Either you are knowingly dishonestly pretending to be knowledgeable, or you are knowingly saying untrue things with the intent to mislead. Stop being a disho
10 minutes for a new type of transaction system versus nearly instantaneous with transaction systems that date back to the 70s.
That's pretty fucking shitty if you ask me. All this modernity, and yet the old system has a transaction time THREE ORDERS OF MAGNITUDE lower than the new system.
If I need to wait ten fucking minutes for my transaction to clear before they begin making my cheeseburger, I'm just going to cancel the transaction, get real cash, and pay that way - instantly.
Oh, and just Shitcoin alone n
It's hard to imagine anything more wasteful than a Bitcoin-style blockchain that requires mass hash reversal to add the next block, other than perhaps the same thing with longer/more expensive hashes. Remember that whole power plants have been brought online to power this bullshit. One cryptocurrency mining operation probably uses more power than one of the major credit cards' entire IT infrastructure.