Embed Notice

@cjd@pkteerium.xyz #Bitcoin's only impressive monetary property is how unregulated it is, with all the downsides you can imagine.

Bitcoin transfers are all but cheap, it's possibly the least efficient means of handling currency we've ever known. The existing fiat currency systems are bad, but they're nowhere near as horrid when it comes to efficiency as Bitcoin.

As for currency exchanges, yes, it does happen frequently that cryptocurrency exchanges fail in comically astronomical ways. I guess that's what you get in an unregulated system which promotes heavy abuse of everything you can get for a scrap of money.