Re: great interview with amir

On dreaming a different dream ...the importance of the meta-narratives in
human evolution from Yuval Noah Harari

https://www.youtube.com/watch?v=2Vllgib842g

p.



On Sat, Jun 27, 2015 at 6:34 PM, Melvin Carvalho <melvincarvalho@gmail.com>
wrote:

> (also a member of this group)
>
>
> https://bitcoinmagazine.com/17005/bitcoin-technology-worth-nothing-interview-dark-wallet-front-man-amir-taaki/
>
> [snippet]
>
> *You don’t really see Bitcoin as a payments-innovation, do you?*
>
> No, it’s not very good for that. The Bitcoin-network is currently
> subsidized through inflation, meaning transactions cost about thirty
> dollars each. This vision of Bitcoin as a faster, cheaper and better
> payments-network is simply not tied to any technological grounding of what
> Bitcoin is really about. If we want to make Bitcoin a competitor to Visa or
> MasterCard, we would need to increase the blocksize and centralize mining
> so much that it is basically the same as existing payments networks. And
> even then, at some point, we’ll reach a limit where Bitcoin is just not
> cost-efficient. We don’t need to have all these miners crunching numbers
> just so people can buy a coffee. That’s insane.
>
>