Quote from: jaberwock on January 10, 2021, 09:00:39 AM

Quote from: Vishnu.Reang on January 08, 2021, 07:23:00 AM

There are several issues that make Bitcoin unsuitable for usage as a currency. It is not just the high transaction fee, but also the delays in getting confirmations. A few days back, I had to wait for almost 75 minutes to get a single confirmation. I put the transaction fee at a very high level, but unfortunately there were no blocks mined during a period of 1 hour 15 minutes. Such scenarios are very rare, but I was unlucky that it happened when I made the transaction.

Those are technical stuff and not ideological stuff and that is where the problem lies. We are now using fiat money, if we are using cash we just give some paper and get some coins back, and that's it which is very fast, if we are using debit/credit card we are just swiping something and we are done, it is very fast. However that is still fiat money and that's still unfair. You want to look at unfairness at fiat world?

Recently USA passed a stimulus bill, the bill was for a total of 900 billion dollars, they gave everyone 600 dollars, there is 328 million, who will get it, 328 million times 600 makes 196 billion dollars.

Do you know where the other 704 billion dollars went? It went to already rich people so they can keep being richer than everyone else. Fiat money will keep producing more slaves, whereas crypto is here to free you, so it is not about waiting times or fee's, if you wait 75 minutes instead of doing it instantly, you are getting your freedom.

This is a gross exaggeration. The bill included a tremendous amount of small business support in addition to the individual support. What's problematic is the abuse of the small business support by businesses that didn't need assistance or took it while not being qualified. There need to be steep penalties for those businesses and their owners who did so. But republicans keep blocking all attempts at accountability.