Great video... On 09:33, Sun, 28/06/2015 Pindar Wong <pindar.wong@gmail.com> wrote: > 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. >> >> >
Received on Sunday, 28 June 2015 08:00:12 UTC