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0 pointsbduerst6y ago0 comments

Punching holes in certain payment methods (like money wires) isn't the same as building a case for crypto.

Also crypto isn't instant. Bitcoin takes 10 minutes if you're lucky, even longer if the network is maxed at 7 transactions a second (comparatively, Visa handles 42,000 transactions a second).

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topranks6y ago

While that’s correct that is also just an artificial limit put on it by the Bitcoin core devs, who somehow think it is desirable.

Many other coins have the capability to support orders of magnitude more transactions per second and have been successfully demonstrated to do so.

In theory, with 10GB blocks or so, it could scale to Visa-levels although I’m not sure anyone has tested at that scale.

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