Quote from: bitmover on July 21, 2019, 04:35:51 PM

Quote from: Pingip on July 21, 2019, 03:42:08 PM

Quote from: DooMAD on July 21, 2019, 11:43:11 AM

You appear to be missing some of the nuance being explained to you here. There are compromises that need to be made if you place all your focus on maximising the number of transactions per second. Scaling carries certain costs to bear. The first thing which some people tend to sacrifice in favour of raw speed is decentralisation. But those of us who understand Bitcoin do not want to sacrifice decentralisation. As bitmover said, being in control of your funds and not having barriers to transact with other users is vital. Those are not qualities we would ever want to lose.

That was a good answer DooMAD

Pingip, let's take Facebook coin for example
There are laws in the usa. Congress and trump and trying to push harder regulations on Facebook coin, just like a bank (you may have heard of that).
And they can force Facebook work just like a bank. You will be demanded kyc to transfer libra, they will ask what is your income, where did you get the money from , and will also blacklist people who are "suspicious"

In the end, Facebook will control your funds and to whom you can transact them. Just like a bank. Transactions may even be reversible (if regulation demands it).

Why didn't it happen to iota , nano , etc yet? Because those projects are a joke, and Congress and USA government etc are just laughing at them. But if they decide that those projects must demand kyc to use the network, iota / nano will be forced to comply, because they are companies. They can and will be shut down if they do not obey the law.

Now go try to shut down bitcoin

mate you still continue to stand on your point of view which is wrong completely mate and mislead him also and he mislead others,

hey what is wrong with you top experts try to solve scaleability because without this crypto will never be main stream period.

mit experts non stop talk about this.

and how the hell did you get to facebook , i didnt talk about them because they are centralized so it dosent interest me.

i need to say this million times that you will wit 10-20 min for conformation to buy something or fuel you car and other shit,

do you fucking get what is only the cars inside usa* use cryptos to fuel/gas they cars , do you fucking get the number? Huh

bitcoin hold max 10 tps per second ethereum littile bit more and for nano somehow scale but still far away and itoa work on dag but they didnt find away to solve the problem when there is low amount of transcation on dag system which can be attacked easy, yet dag is protected from quantum network attack somehow, no block,no miners, can be more decentralized million times then bitcoin protocol and much more.

yet the problem until you sacle with dag it can be attacked easliy which if there is idea to solve this , its the next somehow bitcoin

again for you
https://www.youtube.com/watch?v=Xoza4Fvk81M The Scalability Problem by mit...

around experts blockchain you better dont talk this shit and leave facebook eside because its centralized* edit...

and you still try to answer rather then say i was wrong, the more you answer in the wrong direction