Hua Guofang Posted September 14, 2019 Share Posted September 14, 2019 2 hours ago, NightmareOnElmStreet said: this kind of shit is exactly why I believe in the bitcoin. regardless if I don't know enough about it. how the fuck can dudes stand around denying that cash currency is going extinct. 🤷♂️ Not exactly the same thing. Cashless payment and crypto aren’t the same thing. Cashless still involves the state backed currency and banks, crypto does not. Both occur as cashless, that’s the similarity Quote Link to comment Share on other sites More sharing options...
NightmareOnElmStreet Posted September 14, 2019 Share Posted September 14, 2019 3 hours ago, Hua Guofang said: Not exactly the same thing. Cashless payment and crypto aren’t the same thing. Cashless still involves the state backed currency and banks, crypto does not. Both occur as cashless, that’s the similarity Yeah idfk. I see the difference and the similarity. However, if cash becomes unnecessary, the avenue for alternatives is still a guarantee, no? Quote Link to comment Share on other sites More sharing options...
where Posted September 14, 2019 Share Posted September 14, 2019 3 hours ago, Hua Guofang said: Not exactly the same thing. Cashless payment and crypto aren’t the same thing. Cashless still involves the state backed currency and banks, crypto does not. Both occur as cashless, that’s the similarity Yea, and side note it’s very possible banks are heavy in crypto even more so than the futures, could be not sure, doing some research. Idk seems like every site/index/app doesn’t have a comprehensive all crypto market cap which takes a like 10 mins to add up and assess, this seems to be common with other assets and I feel like a app for complete market cap for different crypto’s/stinks/countries would definitely fulfill a niche.....ramblings Quote Link to comment Share on other sites More sharing options...
Mercer Posted September 14, 2019 Share Posted September 14, 2019 (edited) Most cryptocurrencies can't process enough transactions per second to compete with Visa/Mastercard. The tech isn't even there yet to handle every Starbucks transaction on the Bitcoin blockchain which caps out at 20 transactions per second max, but realistically can only really handle between 3 to 5 per second for sustained periods of time. There are some alternative crypto's getting close to Visa/Mastercard now. Edited September 14, 2019 by Mercer 1 Quote Link to comment Share on other sites More sharing options...
where Posted September 15, 2019 Share Posted September 15, 2019 (edited) On 9/14/2019 at 6:49 AM, Mercer said: Most cryptocurrencies can't process enough transactions per second to compete with Visa/Mastercard. The tech isn't even there yet to handle every Starbucks transaction on the Bitcoin blockchain which caps out at 20 transactions per second max, but realistically can only really handle between 3 to 5 per second for sustained periods of time. There are some alternative crypto's getting close to Visa/Mastercard now. Yea cause segwit caused Chinese miners to fork BCH which lowered the credibility of BTC and segwit2x would have doubled the block size but the source code was invite only. Eos and xrp have the technology to take market share from the transaction processing system, there were rumors walmart owned a lot of xrp but if they were pumping that then accepting it and shorting during the adoption period that’s def securities fraud, Facebook was trying it idk if it worked. Edited September 15, 2019 by where Quote Link to comment Share on other sites More sharing options...
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