Skip to content

Comment on Bitcoin and Thoughts from Bill Gatesparent

Comments

That cannot be fixed. Bitcoin requires thousands of times (or more) more computational power to do a single transaction than any centralized currency system I can think of.

Bitcoin's goal is not to allow financial transactions, it's goal is to allow financial transactions without having to trust a third party.

This is impossible in a centralized system, this is why Bitcoin is the most efficient system of making secure digital transactions without relying on a trusted third party.

AboutSource Built by g1lg1l

Hackerly is an independent reader for Hacker News, built on the public HN API. Not affiliated with Y Combinator.