0 sats \ 4 replies \ @AJ1992 16 May \ parent \ on: What's a Scam that's so normalized that people don't even realize it's a scam?? bitcoin
Oh no, I've read the white paper numerous times. The fact is Bitcoin has flaws that need to be addressed. There are other digital currencies that have better blockchains in certain aspects as well.
and here is the problem, you have read the whitepaper several times, but that is just the fundament. its like you look at the walls of a house and say that this is not enough to fulfill the requirements of a real building....ofc it is not your are missing every other details.
and we are talking about MONEY. not about blockchains in general. when it comes to technical basics ofc there are other blockhains which can fulfill different purposes better than bitcoin blockchain will ever be able to....but NOT when its about money. and furthermore blockchain is just one specific kind of DLT. I can read in your words that you need to study several thousands of hours more, but trust me the result is worth it :)
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Any digital currency can have a "better blockchains in certain aspects" when compared to Bitcoin. Someone can make the argument that Dogecoin is better because it's built with a funnier theme in mind. Someone else can say Ethereum is better because it allows smart contracts. "Better" only has meaning for a given metric. And in all the metrics I find important, Bitcoin still beats everything else.
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Oh so you enjoy wondering how long it's.ggoing to take.for your TX to confirm, if it even ever will? You enjoy having to pay expensive fees to transact (compared to other ways to make.payments in the world) and having those fees be so volatile you can't ever accurately predict them? You enjoy not being able to charge back a transaction if you get ripped off? Need I go on? And I realize a lot.of this is fixed via lightning but lightning has its own set of issues that need.to be addressed.
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Actually, from a technical perspective I do enjoy trying to figure it out. From a user perspective, I'd like for there to be no money at all and wish I could get anything I want delivered instantly. Obviously this can't be realized because the real world has costs, so I have to pick and choose what I want based on what I can access and afford.
Just like every decision in my everyday life, Bitcoin has made tradeoffs. It isn't the fastest way to purchase most products (lightning network aside), but it is the fastest way to do so in a decentralized manner that is near impossible to reverse given enough confirmations. That is a metric important to me.
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