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Originally Posted by Quoth
Indeed all true. Also Blockchain itself, apart from the total evil of bitcoin mining helping to destroy the planet, is ABSOLUTELY NOT SCALEABLE. It doesn't even work on a theoretical basis. It's only a niche and the transaction time is terrible. It gets worse FASTER than users doing transactions are added.
Compare CPU and electricity costs per transaction for IBAN (totally secure and independent), PayPal, random credit card and ANY Cryptocurrency. The cryptocurrency essentially is only working at all because compared with the other three almost no-one is using it. Most of those are speculators or criminals.
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https://cointelegraph.com/news/study...newable-energy
Also look up the lightning network if you want to learn more about scalability on top of bitcoin. It's instantaneous.