[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 11 KB, 256x256, 93F2B69A-A827-41F7-AC04-8979C9AD18CF.png [View same] [iqdb] [saucenao] [google]
18135155 No.18135155 [Reply] [Original]

How to solve btc’s scalability problem? And how serious is it in best/worst case scenario?

>> No.18135183

this will summon so many pajeets

>> No.18135243

>>18135155
Switch to BCH/ETH/BSV/NANO/literally any other coin.

>> No.18135268

Well lightning is out but i still have to wait like an hour for each transfer

>> No.18135280

cashing out

>> No.18135282

>>18135155
use BSV instead

>> No.18135293

>>18135243
Ok sure yeah, but obviously that isn't going to happen en masse

>> No.18135316

>>18135155
PoS
/thread

>> No.18135317

>>18135155
there is no scalability problem. the competition is "how long does settlement take with visa / wire transfer"
each of those answers varies from "several hours to several weeks"
learn about how payment rails really work. stop living in shit covered reality that fags teach you.

>> No.18135360

>>18135155
Monero.

>> No.18135367

>>18135317
The competition is actually "how long does settlement take with physical gold", and the answer is a really fucking long time with untrusted intermediaries in between.

>> No.18135463

>>18135293
it literally is
>>18135316
PoS doesn't solve shit, it's literally the stupidest idea imaginable
PoW is the foundation for what made Bitcoin valuable in the first place, BTC just ruined it by not scaling as intended
https://nakamotoinstitute.org/mempool/the-proof-of-work-concept/

>> No.18135465

>>18135367
yes.
these simps have 0 real-world knowledge.

>> No.18135522

>>18135367
this guy gets it (i was only trolling b4)

>> No.18135536

>>18135367
Bitcoin isn't digital gold

>> No.18135568

>>18135367
The competition is all of the faster and more secure cryptos

>> No.18135571
File: 156 KB, 1000x1000, LOL.jpg [View same] [iqdb] [saucenao] [google]
18135571

>>18135367
>>18135536
>digital gold
>loses over 50% of its value in a few days

>> No.18135574

>>18135317
>"how long does settlement take with visa / wire transfer"
>each of those answers varies from "several hours to several weeks"
1. Visa is instant
2. Even if btc were as slow as legacy, a faster one is still way better

>> No.18135586

>>18135463
PoP

>> No.18135604

>>18135574
https://bitcointalk.org/index.php?topic=532#msg6306
>I outline how a payment processor could verify payments well enough, actually really well (much lower fraud rate than credit cards), in something like 10 seconds or less. If you don't believe me or don't get it, I don't have time to try to convince you, sorry.
>—Satoshi

>> No.18135617

>>18135571
Bitcoin is digital copper actually.

>> No.18135630

>>18135617
more like digital excrement

>> No.18135642

>>18135574
>Visa is instant
If Visa is instant why has it always taken 48 hours for credit card sales to post to my checking account regardless of which merchant service provider I was using at the time?

>> No.18135649

>>18135630
Digital Pyrite

>> No.18135662

> whats liquid network?
> whats lightning network?

> what scalability problem?

>> No.18135803

If you look at the charts, it's pretty obvious that Bitcoin is going to crash hard any moment.

>> No.18135889

>>18135803
charts don't tell shit
if you look at the fundamentals though, it's pretty obvious that BTC is indeed going to crash hard any moment
BTC isn't Bitcoin though, make sure to distinguish

>> No.18135921

>>18135662
>whats liquid network?
Used only for transfer in between exchanges.

> whats lightning network?
A insecure network no one uses except for transferring pennies worth of BTC.

>> No.18136002

>>18135921
Then there is no scalability problems. Thanks fren. just sold 100k

>> No.18136023

>>18135649
Digital Pykrete

>> No.18136038

>>18136023
digital puke

>> No.18136073

>>18135155
another coin for microtransactions e.g. Litecoin

>> No.18136088

>>18136073
>this coin is dysfunctional, here, use this even more dysfunctional clone of it instead!

>> No.18136118

>>18136088
>dysfunctional
>best investment of the decade
sure thing bsvjeet

>> No.18136226

>>18136118
so was Enron, until it plummeted to zero
imagine thinking an asset has utility just because flocks of mindless speculators FOMO into it over the course of a few years

>> No.18136339

>>18136226
if you don't get what the actual utility of Bitcoin is then I'm not going to bother explaining to you, sorry