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by wavepruner
1897 days ago
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Unfortunately the financial systems of governments are getting destroyed and we are powerless to stop it. Cryptocurrencies are not destroying government run financial systems. They are just an alternative. Bitcoin's 7 tps is a base-layer limitation. Layer 2 technologies like Lightning aim to address this issue. Lightning is functioning well and growing rapidly. I don't think it's fair to say most Bitcoin holders are unknown entities. The AML/KYC requirements for converting crypto into spendable fiat are strong. The criminal use of Bitcoin is a small compared to it's legitimate use as a store-of-value. |
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