RE: The Bitcoin Flaw (Part 2)
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more btc flaws
- it's expensive as f***
a)the amount of energy 'wasted' to maintain the crap
b)if i hand you a dollar bill it's instant and FREE - ZERO transaction fee
if i try to hand you $1 of bitcoin it takes (x)minutes for confirmation and the FEE will be like $20
take it from someone who is unbanked and getting away from 'giving' my money away for fees - i gave up on $btc ever being any more useful than a casino a long time ago
HIVE is awesome like a $dollar - instant and free - just like it should be ;)
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Yes, BTC has other flaws as well.
Many of them have the same root problem -- the 'fixed' supply curve with no feedback mechanism between demand and supply.
However, some of them are 'fixable' (e.g. BCH's increase in the block size greatly improved the speed and efficiency of handling transactions).