Quote:
Originally Posted by tw
Blockchain - the reason why Bitcoin cannot scale to what is necessary in the economy. A block chain, that provides secure transactions, is incapable of meeting scale and liquidity demands of today's (and tomorrow's) economies.
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If your quote above was not true, Bitcoin would have gone much higher, IMO. Amazon would be accepting Bitcoin. Or at the least another cyrpto currency.
Is crypto doomed or can a solution for scale be developed? Or has this problem been overcome but it's without a market since the losses were so large with the crash?
I would like to understand crypto currencies without having to lose money experimenting with them.
The Economist - Bitcoin Under Pressure (registration required)
"Bitcoin’s mathematically elegant design ensures that the money supply can increase only at a fixed rate that slows over time and then stops altogether. Anonymity, while not assured, is possible with the right precautions and tools. No wonder Bitcoin is so appealing to geeks, libertarians, drug dealers, speculators and gold bugs."