2: The total aggregate cost is meaningless. What’s the cost per transaction. Have you ever computed how much it costs to perform financial transactions the old fashioned way?
3: Bitcoin is far from the most efficient kind of blockchain tech. It was first, but it is not what industry is using for their various forms of blockchain-based distributed ledgers.
4: There are benefits beyond cost, like the ease of auditing and tracking transactions that pass through multiple independent entities. Especially if you’re using a blockchain tech that doesn’t keep everybody anonymous (meaning not Bitcoin).
Ida No almost 5 years ago
Answer: “Have someone else pay for it.”
shamino almost 5 years ago
An unfair comparison.
1: Nobody said “zero”. But it is less.
2: The total aggregate cost is meaningless. What’s the cost per transaction. Have you ever computed how much it costs to perform financial transactions the old fashioned way?
3: Bitcoin is far from the most efficient kind of blockchain tech. It was first, but it is not what industry is using for their various forms of blockchain-based distributed ledgers.
4: There are benefits beyond cost, like the ease of auditing and tracking transactions that pass through multiple independent entities. Especially if you’re using a blockchain tech that doesn’t keep everybody anonymous (meaning not Bitcoin).
Stephen Gilberg almost 5 years ago
Looks like the comic syndicate is saving costs by having a less talented artist draw SMBC.