this post was submitted on 22 Oct 2023
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[–] [email protected] -4 points 1 year ago (2 children)

I would it expect to be bi-partisan. What reasons do we have for crypto? Security, faster transaction time, independent of government (more of a global currency), taxes too high, transparency, etc.

[–] [email protected] 4 points 1 year ago* (last edited 1 year ago)

Let's be real, the only reason why the vast majority of people are in it is wanting to get rich by selling it at a higher price to someone in the future.

The term currency is kinda misleading, it's really more like a commodity whose only purpose is price speculation on exchanges.

[–] [email protected] 1 points 1 year ago (1 children)

Faster transaction times? Do we really need that, and is that actually the case? I thought bitcoin could have transaction times of double digit minutes, while normal banking transactions here in Europe take 2 seconds

[–] [email protected] 0 points 1 year ago

Bitcoin is not the only currency. I'm not saying faster transactions are active, but that is a goal for some currencies no? Wasn't aware if that first Europe. What about settle time then? That is, time it takes to verify a major transaction is legit?