Quote:
Originally Posted by Canadianman
Welcome to technology!
How can a car replace a horse? it only goes 3 mph, breaks down constantly and need this expensive gasoline to run. It will never catch on.
How can a computer replace an adding machine? It has to be programmed each time with hundreds of punch cards, is the size of an entire building floor and uses too much electricity. It will never catch on.
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I'm not sure what hilarious point you are trying to make. Bitcoin has fundamental limitations in its current form that exclude it from being a payment processor like the banks/credit cards do. Are you aware that that limit is about 4.6 transactions per second? Visa alone is capable of handling 24 000 transactions per second:
https://towardsdatascience.com/the-b...ed-5cce48f9d44
https://usa.visa.com/run-your-busine...ls/retail.html
What is actually being proposed is that Bitcoin is the horse and buggy, attempting to replace a Ferrari. Thanks for the analogy, it works!