Comment on Please bro
Mika@sopuli.xyz 1 day agoI own crypto because I believe in idea of decentralised money, but I acknowledge that current solutions are just all bad in one way or another. If fiat disappeared tomorrow and everyone would be forced to use crypto daily, it would be a shitshow.
Knock_Knock_Lemmy_In@lemmy.world 1 day ago
From an end UI perspective, certainly.
But if SWIFT was suddenly replaced by a blockchain technology then the world wouldn’t even blink.
Mika@sopuli.xyz 20 hours ago
You kidding? How many transactions per second bitcoin blockchain can do?
Knock_Knock_Lemmy_In@lemmy.world 18 hours ago
Lightning can, in theory, do one million transactions per second. But Bitcoin networks aren’t really a drop in replacement for Swift.
Banks like J.P. Morgan prefer chains like Canton that are privacy enabled and have no upper limit on transaction.
Mika@sopuli.xyz 18 hours ago
First time hearing about Canton. Is it properly decentralised?