As far as I understand, bitcoin is fundamentally unusable as a currency. Transactions are expensive and limited to ?7k? every few seconds. It's also inherently deflationary, you want inflationary currency, you want people spending, not hoarding.
As far as I understand, bitcoin is fundamentally unusable as a currency. Transactions are expensive and limited to ?7k? every few seconds. It's also inherently deflationary, you want inflationary currency, you want people spending, not hoarding.
Great protocols are built in layers.
You have decentralized instant settlement for an average of 0.005% even for micropayments with the Lightning Network (another protocol built on top of Bitcoin). That's orders of magnitude away from the settlement time and resilience of the current payment networks.
Ethernet does not need to carry the whole movie in one packet. If it does the job of delivering the MTU to the host on the other side of the cable, it's good. Websockets can be figured out somewhere else. The IP stack is not shit because each layer does just one thing, it's good because of that.
But hey, time will tell.