[cryptography] bitcoin scalability to high transaction rates

Alfonso De Gregorio adg at crypto.lo.gy
Wed Jul 20 05:56:06 EDT 2011


On Wed, Jul 20, 2011 at 11:29 AM, James A. Donald <jamesd at echeque.com> wrote:
> On 2011-07-20 4:57 PM, adg at crypto.lo.gy wrote:
>>
>> At the current market depth and without a widespread adoption, Bitcoin
>> exhibits a high volatility.
>
> So you are telling us if bitcoin fails, it fails.
>
> Conversely, however, if it succeeds, it succeeds.


This was not my point.

I'd better rephrase it in: expectation to have "money backed by
bitcoins" exhibiting all the desirable properties of a perfect
currency (ie, stable money) are greatly exaggerated.


alfonso



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