21st April 2022, 1:38 PM
(This post was last modified: 21st April 2022, 1:39 PM by David. Edited 1 time in total.)
(21st April 2022, 1:03 PM)Vipa Wrote: say goodbye to fiat and traditional scammers (banks), go for a decentralized future where not a single entity has the power of everyone else by spewing in high inflation rates and whatever they want, say hello to crypto and bitcoin
Bitcoin would be awful to switch to; slow transactions, high fees, and huge power costs. The fees and transaction times also vary wildly which is unacceptable for a primary currency.
Any switch to crypto needs to be one with instantaneous transactions and little to no fee's. And the power costs are resolved by using Proof-of-Stake over Proof-of-Work, PoW being the one that requires mining (probably other methods too but those are what I know)
