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November 21, 2017, 06:25:37 PM |
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There is talk how cryptocurrencies or bitcoin can replace world currencies. But what is the value of cryptocurrencies, meaning a decentralized currency, in day to day transactions, such us buying bread or toothpaste. Even if one thinks aside the insane transactions fees that make such uses unplausible right now, does a simple transaction such a buying a bread really need to be independently confirmed by miners etc. It takes so much energy, money to securely and uncentralizedly confirm a loaf of bread. I feel most of the worlds transactions dont need to be crypto.
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