The problem is that it might be "more secure" but if both are so secure that breach is practically impossible then it doesn't do much to say it's more secure. Whether it takes 10 universal lifetimes or 100 is immaterial.

Even very simple encyrptions are functionally unbreakable even if we turned all of humanities computational power on them, which is why computer systems being compromised are because people left their passwords written down at their desk, or the result of people just giving their passwords to scammers.

The encryption side of crypto is solving a problem that was already solved a long time ago, and the append-only ledger style of the current popular block chains create their own set of problems that haven't been meaningfully addressed that I've seen.

However, if any group is going to address them, it's almost certainly going to be ethereum rather than bitcoin.

it's solving many others problems while creating some others. anything getting too complex leads to the same situation.
I believe too eth can do something but pow is here to stay nonetheless

As far as problems solved... what are they? We've already had entire ecosystem rollsbacks on both blockchains to facilitate the wealth of people with power and connections.

Ever heard about fast, international payments and such ? Or getting funds without being state sponsored for your fresh company ?

Crypto as a system the way it currently works is way way way too slow and expensive to be a meaningful contributor to international payments. If even 0.01% of the people who need to make those payments adopted it for this use the fees and time would spike so high the system would become completely unusable.

Same with getting funds.

The only reason it appears to be even kind of viable for those applications is because nobody uses them, but even with payments being so low relative to real financial systems you still get gas wars that fuck over the entire system.


Crypto might solve some problems in the future but it doesn't solve any right now.

This post was edited by Thor123422 on Jan 13 2024 11:20am

How am I not surprised by this bullshit ? You don't even understand medicine ofc you'll fail in a field you don't have any expertise ..

so yeah, ripple is replacing swift network in brics , which works for most of the world with 50k tps "only"

"same with getting funds"

how could you know that ? You're not the kind to build up your own caompny aren't you

This post was edited by Melatonina on Jan 13 2024 02:11pm

Considering BRICS currency doesn't even exist and likely never will that tells me you don't actually have any examples.

Stay mad that I can destroy your entire ideology by pointing out a few easily verifiable facts.

Lmao do you even know what the word ideology means, or do you just try to make some sense and reach at me ? That's a cute big boy there

https://watcher.guru/news/brics-russia-iran-end-swift-start-bank-transfers-local-currency

The only thing you ever destroyed was your health and your online credibility.
it's pretty clear who is mad and who isn't considering past 3 years of covidiocy and how you get stomped in others subs as soon as you post

stay fat boobman

This post was edited by Melatonina on Jan 13 2024 10:15pm

Hmmm so no examples of any problems solved with crypto. Noted.

I already adressed that, international fast payments, without any 3rd party involved.
I know this wasn't a problem for an ennemy of freedom like you, but it was for some people, same for those building their company from scratch, with defi they have access to a free economy.

If you want to know more about it (I nkow you dont and that you just try to reach me after years of covidiocy slammage) listen to the latest Michel Saylor interview.

This post was edited by Melatonina on Jan 13 2024 10:49pm