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Author Topic: Can the idea of creating a Bitcoin Bank solve the problem of transactions?  (Read 164 times)
ungongbuotan
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March 05, 2018, 04:26:55 AM
 #21

Oh so you want bitcoin to be centralized? Whats the point of making a digital currency that was meant to be decentralized if in the end we are just gonna give in and make it centralized anyway. I know you have a point but your idea just contradict with bitcoins purpose. Like everyone said bitcoin is at its early stage, I'm positively sure that somewhere down the line, we will find solutions on the problems that we are facing right now.
lanareyDEY
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March 29, 2018, 11:20:32 AM
 #22

The crypto community is alarmed: the commissions for bitcoin transactions are growing, and their confirmation time is increasing. In this regard, there are discussions and an exchange of views on the question "how can this problem be solved?
stompix
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March 29, 2018, 01:39:16 PM
 #23

The crypto community is alarmed: the commissions for bitcoin transactions are growing, and their confirmation time is increasing. In this regard, there are discussions and an exchange of views on the question "how can this problem be solved?

Fees are at the lowest point in 6 months and confirmation times just as fast.
Have you actually used bitcoin lately?

I've just sent 4 hours ago a tx with a fee of 2.965 sat/B and it got confirmed in the first block.

So rather that solving problems we concede defeat and we transform bitcoin into digital fiat, and be done with it.

I wouldn't call it "transforming bitcoin into digital fiat." The existence of Bitcoin banks doesn't fundamentally change what Bitcoin (the base layer) is. They're just applications built on top of Bitcoin.

You missed the part that got me angry Tongue

Perhaps you need to create a bitcoin Bank that will combine the functions of a wallet and audit. The functionality should be similar to the stock exchange.

Hal was still talking about multiple solutions, multiple back end, the author was thinking of a large centralized bank that would run everything and would impose rules.





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