Post
Topic
Board Bitcoin Discussion
Re: What would Satoshi Do (today)
by
avikz
on 27/12/2022, 15:29:54 UTC
Regarding the slowness of transactions, if you were a beginner I wouldn't be surprised by such a comment, but if 10 minutes on average is what you call slow, that's quite fast enough for me. Of course for all those who have no idea what fee and mempool are, transactions can be really slow, but that's not a problem that should be blamed on Bitcoin.

Not at all blaming bitcoin! It is my main financial reserve and savings for the future. So there's no way I am going to blame bitcoin. But in the real world, we have multiple options available to pay instantly and without any fees (from the sender). Just do research on what IMPS is and then you will understand the level of innovation already available in today's world. Bitcoin will never be able to reach there. Bitcoin is a great reserve currency, but not as great as a method of the local transaction. For cross-border transactions, obviously, bitcoin is way ahead of the mainstream options available. That's exactly what I want to point out - centralized doesn't always mean bad things.

In the current era of speed and convenience, bitcoin doesn't stand a chance to become a preferred payment method. It's hard to admit for me as well but that doesn't change the truth!


Do you think that new xx tokens/cryptocurrencies every day have a positive impact on the crypto market? Are you one of those waiting for a new king on the throne or do you think that the resourceful and enterprising 1% should get rich at the expense of the remaining 99%? These innovations, as you call them, are nothing but a bunch of nonsense and false promises.

Oh hell no! I never wanted this mess in the market. Every single day, some nonsense tokens are getting listed in the market where people are gambling to get rich. That's nonsense! 99% of the new tokens and coins are useless, but that 1% always stands out and that's what we need to encourage.