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by PeterisP
2486 days ago
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What do you mean by "especially advantage for the large numbers, since banks cannot do that" ? Bitcoin requires a validation cycle or two in order to be certain that your transaction is going to be on the main chain, so it's 10-20 minutes. For traditional infrastructure, the RTGS (real time gross settlement systems) accessible to banks and large customers handle transactions in seconds. If you're in a treasury department of a company who routinely needs to move large amounts around, doing so nearly instantaneously is absolutely a solved problem. |
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I'm going to sell my car on Sunday to another private person. I will hand over the documents and keys, while he instantly wire transfers me 20k.
Now all of a sudden it's not a solved problem anymore is it?
And Bitcoin, please, that's old tech. There are way more advanced cryptocurrencies now that have high TPS and < 10 sec validation.