It would grind to a halt and become useless.
Imagine ALL cash registers in the US hooked up to ONE computer.
Imagine then that EVERY sale/transaction had to be backtracked and verified through a chain of data that included all transactions that ever occurred.
It’s just not possible.
“It would grind to a halt and become useless.
Imagine ALL cash registers in the US hooked up to ONE computer.
Imagine then that EVERY sale/transaction had to be backtracked and verified through a chain of data that included all transactions that ever occurred.
It’s just not possible.”
Yeah, that’s what I thought, which seems to me to mean that bitcoin does not have much utility as an actual currency. Which then makes me wonder WHAT its real utility is, and therefore why it should have any intrinsic value at all. At least REAL commodities have utility, namely you can eat them or use them to make something that is useful and can be sold for a profit. What can you do with bitcoin except pretend like it is money or a commodity?