Tell me you know nothing about transaction overhead without telling me you know nothing about transaction overhead.
Tell me you know nothing about transaction overhead without telling me you know nothing about transaction overhead. All the blockchain currencies require orders of magnitude more power to process a transaction compared to a debit or credit transaction. Bitcoin is primarily used by governments (like NK), hacker groups, and organized crime to launder money. The solution is not blockchain currencies. European credit card transaction costs are a fraction of what they are in the US because US regulators just sat back and allowed Mastercard and VISA to establish a duopoly. In much of the rest of the world it's also possible to near-instantly wire-transfer funds to pay for things, at negligible cost. In the US, everything is forced to go through the federal reserve, is expensive, and slow. We are the laughing stock of the rest of the world. The banks have tried to set up alternatives. Zelle is a good example, but Zelle's most annoying problem is that you can only have one account per phone number or email address.
Posted by KennyBlanken on Jul 20, 2025, 7:26 PM
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Raise real-world problems, find people facing the same issue, and discuss solutions.2,000 issues0 comments
pricing (Other)
Yeah, the plan is far too expensive for what it provides.
NewCrashed demand after one of the big AI labs (probably Anthropic because they focus way too hard on expensive frontier models) become inso...
New/dev/random is much too expensive for this.
Yeah, this always bugged me.
A year ago, I had the opinion that it'd be too expensive for developers to support offline mode, peer to peer, or community servers after...
The weird thing about this product is that its biggest competitor is "an old ipad." I feel like most of their target customer base alread...
There's a talk from Travis Kalanick recently on a podcast about this.
>nobody ever bought German cars for their low prices, except the Beetle Huh?
Tell me you know nothing about transaction overhead without telling me you know nothing about transaction overhead.
Tell me you know nothing about transaction overhead without telling me you know nothing about transaction overhead. All the blockchain currencies require orders of magnitude more power to process a transaction compared to a debit or credit transaction. Bitcoin is primarily used by governments (like NK), hacker groups, and organized crime to launder money. The solution is not blockchain currencies. European credit card transaction costs are a fraction of what they are in the US because US regulators just sat back and allowed Mastercard and VISA to establish a duopoly. In much of the rest of the world it's also possible to near-instantly wire-transfer funds to pay for things, at negligible cost. In the US, everything is forced to go through the federal reserve, is expensive, and slow. We are the laughing stock of the rest of the world. The banks have tried to set up alternatives. Zelle is a good example, but Zelle's most annoying problem is that you can only have one account per phone number or email address.
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