Comment on Europe’s $24 Trillion Breakup With Visa and Mastercard Has Begun

• Vitaly@feddit.uk ⁨1⁩ ⁨day⁩ ago

  You don’t need to trust bitcoin because one of the fundamental principles of it is trustlessnes. the only problem I see is constantly changing price of bitcoin

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  • dependencyinjection@discuss.tchncs.de ⁨1⁩ ⁨day⁩ ago

    And the immense resources required as well as the processing time for a transaction.

    Now I’m not saying someday a digital currency will work. Just it isn’t Bitcoin, plenty of other more viable coins but most people just gamble now.

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    • E_coli42@lemmy.world ⁨1⁩ ⁨day⁩ ago

      I think Bitcoin was a good proof of concept that this system can work and scale. Ethereum is trying to be the viable option. I personally like Monero. I am sure in a hundred years or so if crypto is still here, it will be more viable and stable.

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  • Sgt_choke_n_stroke@lemmy.world ⁨21⁩ ⁨hours⁩ ago

    You’ll own nothing and be happy about

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  • group_hug@sh.itjust.works ⁨23⁩ ⁨hours⁩ ago

    Sure one BTC is one BTC. But how many USD is a BTC worth? A lot of that depends on the stable coin tether and that is backed 100% by “trust me bro”

    And 99% of cryptoheads are just fine with “trust me bro” they just want “number go up” the rest of it seems to be misdirection and distraction.

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