📅 Original date posted:2015-05-13
📝 Original message:08.05.2015 at 5:49 Jeff Garzik wrote:
> To repeat, the very first point in my email reply was: "Agree that 7 tps
> is too low"
For interbank trading that would maybe enough but I don't know.
I'm not a developer but as a (former) user and computer scientist I'm
also asking myself what is the core of the problem? Personally, for
privacy reasons I do not want to leave a footprint in the blockchain for
each pizza. And why should this expense be good for trivial things of
everyday life?
If one encounters the block boundary, he or she will do more effort or
give up. I'm thinking most people will give up because their
transactions are not really economical. It is much better for them to
use third-partys (or another payment system).
And that's where we are at the heart of the problem. The Bitcoin
third-party economy. With few exceptions this is pure horror. More worse
than any used car dealer. And the community just waits that things get
better. But that will never happen of its own accord. We are living in a
Wild West Town. So we need a Sheriff and many other things.
We need a small but good functioning economy around the blockchain. To
create one, we have to accept a few unpleasant truths. I do not know if
the community is ready for it.
Nevertheless, I know that some companies do a good job. But they have to
prevail against their dishonest competitors.
People take advantage of the blockchain, because they no longer trust
anyone. But this will not scale in the long run.
- oliver
Oliver Egginger [ARCHIVE] /
npub182…nlkws
2023-06-07 15:33:20
in reply to nevent1q…dz9a
Author Public Key
npub182pe36hcvp2va069x068fcqt7w38fhdhrfkmhxdnlqausddvmucq3nlkwsPublished at
2023-06-07 15:33:20Event JSON
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"content": "📅 Original date posted:2015-05-13\n📝 Original message:08.05.2015 at 5:49 Jeff Garzik wrote:\n\u003e To repeat, the very first point in my email reply was: \"Agree that 7 tps\n\u003e is too low\" \n\nFor interbank trading that would maybe enough but I don't know.\n\nI'm not a developer but as a (former) user and computer scientist I'm\nalso asking myself what is the core of the problem? Personally, for\nprivacy reasons I do not want to leave a footprint in the blockchain for\neach pizza. And why should this expense be good for trivial things of\neveryday life?\n\nIf one encounters the block boundary, he or she will do more effort or\ngive up. I'm thinking most people will give up because their\ntransactions are not really economical. It is much better for them to\nuse third-partys (or another payment system).\n\nAnd that's where we are at the heart of the problem. The Bitcoin\nthird-party economy. With few exceptions this is pure horror. More worse\nthan any used car dealer. And the community just waits that things get\nbetter. But that will never happen of its own accord. We are living in a\nWild West Town. So we need a Sheriff and many other things.\n\nWe need a small but good functioning economy around the blockchain. To\ncreate one, we have to accept a few unpleasant truths. I do not know if\nthe community is ready for it.\n\nNevertheless, I know that some companies do a good job. But they have to\nprevail against their dishonest competitors.\n\nPeople take advantage of the blockchain, because they no longer trust\nanyone. But this will not scale in the long run.\n\n- oliver",
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