If crypto is the way, have you identified yet a cryptocurrency that supports a number of transactions per second routinely handled by Visa, MasterCard and AmEx, while retaining security?
Bitcoin (BTC) was intentionally captured and crippled by banker-types so it has a limit of approximately 7 transactions per second.
If every American adult (~ 250 million) wanted to buy some BTC, it would take the BTC network about 14 months to process all the transactions. Then, each person could make one BTC transaction every 14 months.
Bitcoin Cash (BCH) is not similarly crippled – they increased their block size – so it can handle 1 or 2 orders of magnitude more transactions. This means using BCH, every American could maybe make a transaction every 2 weeks!
So. What other cryptocoin exists that maintains the security guarantees and raises the transaction limit to what an economy requires?
(None. Centralization is several orders of magnitude more efficient than a network based on distrust. The solution to our problems is to FIX OUR POLITICS, not some kind of crypto-escapist cyber-punkery.)
The problem with processing transactions, such as with BitCoin, is popularly discussed among crypto advocates. Solutions are in the works.
Removing the power of currency from the international banking cartel is a KEY COMPONENT to our fight for freedom. I hope that you agree at least in concept, even if there's some problems with processing crypto currency transactions that need to be worked out. Really smart people are working on it.
The problem is not as simple as you think. It's on the order of proving P != NP. It's a similar level of difficulty as coming up with a cryptocurrency in the first place. I know qualified people who have attempted and failed.
Solving this problem is not a matter of engineering. It's a matter of breakthrough. A breakthrough may occur tomorrow, or it may happen in 15 years, or someone may prove that it's not possible in 50 years.
Waiting for that breakthrough requires a similar amount of hopium as that the military is going to save us. In fact, I think it's more likely the military will save us.
Removing the power of currency from the international banking cartel is a KEY COMPONENT to our fight for freedom.
You can just hang them up some trees and thereby end the cartel. It's real easy.
That is, if you can convince people that the way currency is issued is a problem, or at least that the people who manage currency issuance are grossly abusing their position.
Really smart people are working on it.
Breakthroughs don't come on a schedule. It doesn't matter how many people are working on it. If it's not ours to have, we won't have it.
Compare Einstein. Look into the origin of his theory of relativity. It came to him in a dream.
A bunch of scientific breakthroughs came to a scientist in a dream. Bohr's model of the atom. Medeleev's periodic table of elements. Kekule's structure of benzene. Ramanujan's equations. Wallace's idea of natural selection. Loewi's frog heart experiment. Kary Mullis's PCR, now famously abused against his will for "diagnostic" testing.
These are ideas which are granted to us. At this time, we have not been granted the breakthrough in cryptocurrency despite decades of work on it, despite people knowing the solution is worth trillions.
This 100% is the way. Crypto is really new. I bet the first revisions of our current centralized system weren't able to handle tens of millions of daily transactions either. Once crypto advances, it'll definitely be a good replacement. Until then, it just needs more people to look into it, so as it gains popularity, people start developing newer and better crypto-based solutions. Eventually crypto will be ready to take over.
If crypto is the way, have you identified yet a cryptocurrency that supports a number of transactions per second routinely handled by Visa, MasterCard and AmEx, while retaining security?
Bitcoin (BTC) was intentionally captured and crippled by banker-types so it has a limit of approximately 7 transactions per second.
If every American adult (~ 250 million) wanted to buy some BTC, it would take the BTC network about 14 months to process all the transactions. Then, each person could make one BTC transaction every 14 months.
Bitcoin Cash (BCH) is not similarly crippled – they increased their block size – so it can handle 1 or 2 orders of magnitude more transactions. This means using BCH, every American could maybe make a transaction every 2 weeks!
So. What other cryptocoin exists that maintains the security guarantees and raises the transaction limit to what an economy requires?
(None. Centralization is several orders of magnitude more efficient than a network based on distrust. The solution to our problems is to FIX OUR POLITICS, not some kind of crypto-escapist cyber-punkery.)
The problem with processing transactions, such as with BitCoin, is popularly discussed among crypto advocates. Solutions are in the works.
Removing the power of currency from the international banking cartel is a KEY COMPONENT to our fight for freedom. I hope that you agree at least in concept, even if there's some problems with processing crypto currency transactions that need to be worked out. Really smart people are working on it.
They've been for years.
The problem is not as simple as you think. It's on the order of proving P != NP. It's a similar level of difficulty as coming up with a cryptocurrency in the first place. I know qualified people who have attempted and failed.
Solving this problem is not a matter of engineering. It's a matter of breakthrough. A breakthrough may occur tomorrow, or it may happen in 15 years, or someone may prove that it's not possible in 50 years.
Waiting for that breakthrough requires a similar amount of hopium as that the military is going to save us. In fact, I think it's more likely the military will save us.
You can just hang them up some trees and thereby end the cartel. It's real easy.
That is, if you can convince people that the way currency is issued is a problem, or at least that the people who manage currency issuance are grossly abusing their position.
Breakthroughs don't come on a schedule. It doesn't matter how many people are working on it. If it's not ours to have, we won't have it.
Compare Einstein. Look into the origin of his theory of relativity. It came to him in a dream.
A bunch of scientific breakthroughs came to a scientist in a dream. Bohr's model of the atom. Medeleev's periodic table of elements. Kekule's structure of benzene. Ramanujan's equations. Wallace's idea of natural selection. Loewi's frog heart experiment. Kary Mullis's PCR, now famously abused against his will for "diagnostic" testing.
These are ideas which are granted to us. At this time, we have not been granted the breakthrough in cryptocurrency despite decades of work on it, despite people knowing the solution is worth trillions.
This 100% is the way. Crypto is really new. I bet the first revisions of our current centralized system weren't able to handle tens of millions of daily transactions either. Once crypto advances, it'll definitely be a good replacement. Until then, it just needs more people to look into it, so as it gains popularity, people start developing newer and better crypto-based solutions. Eventually crypto will be ready to take over.