Hacker News new | ask | show | jobs
by eternalvision 3263 days ago
BTC itself won't replace USD or kill America. A crypto-currency successor to BTC that eliminates the frictions for using BTC as a full replacement for fiat eventually could, however.

BTC is a fascinating social experiment, truly. It offers a glimpse into the future of money, as well as a modern-day manifestation of tulip mania.

1 comments

What are some of the frictions for using BTC in your view?
The median time for a transaction to clear fluctuates wildly between 10 and 20 minutes. This alone kills it completely as a cash replacement.