RE: Cryptocurrency has a problem

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Cryptocurrency has a problem

in ctp •  5 years ago 

Nice to talk about those issues @glenpalo, as to volatility that can only be fixed with mass adoption, a stable number of transactions provides stability, so that is a bit of a catch 22, as to the transaction time and fee's, that is true for the likes of Bitcoin and Ethereum and other high value crypto's, Steem and all tokens based on that like CTP has free transactions in 3 seconds, though you do need to have Steempower to cover the RC needs for what you do, EOS has 0.5 seconds transactions in a similar way as Steem, but there are also other crypto's with vastly different ways to operate like HOLO who has a Holochain and operating with mutual credit, the way that Bitcoin operates is basically obsolete, just too bad the big investors have no idea what they invest in, that's why they go for BTC and not something that scales, is fast and without fee's, thanks for sharing, keep up your great work and stay awesome.


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Definitely catch 22. Also, most people do not understand how the crypto process works. As a result, they don't trust what they don't understand.

Thanks @glenpalo, yeah people need to know how it all works, for example all these hacker attacks aginst crypto exchanges, none of them has hacked the blockchain just the exchanges themselves, stay awesome.