{"name":"Bitcoin Is Dead","attribution":"Source: Bitcoin Is Dead (https://bitcoindeaths.com)","totalObituaries":482,"matched":1,"returned":1,"query":{"search":"","year":"","person":"","publication":"","sort":"newest","slug":"2019-02-07-bitcoin-inefficient-as-large-scale-payment-system","limit":5},"notes":"statementDate is the original publication date; addedOn is when the record entered this archive. Historical prices are USD snapshots, not investment returns. Inclusion records criticism, not a verdict that every claim is false.","terms":"https://bitcoindeaths.com/terms","documentation":"https://bitcoindeaths.com/data#lookup","records":[{"slug":"2019-02-07-bitcoin-inefficient-as-large-scale-payment-system","title":"Bitcoin Inefficient As Large-scale Payment System","quote":"Decentralization requires a process of intensive validation in the consumption of resources, which reduces system efficiency. In contrast, centralized systems with an intermediary trusted by the parties allow the design of much simpler and cheaper systems.","person":"Carlos Conesa","jobTitle":"Deputy General Director, Spain's Central Bank","publication":"Bitcoinist","statementDate":"2019-02-07","bitcoinPriceUsd":3385.97,"addedOn":null,"updatedOn":null,"citationUrl":"https://bitcoindeaths.com/posts/2019-02-07-bitcoin-inefficient-as-large-scale-payment-system","sourceUrl":"https://bitcoinist.com/spain-central-bank-bitcoin-inefficient/","archiveUrl":"https://web.archive.org/web/20190220173859/https://bitcoinist.com/spain-central-bank-bitcoin-inefficient/"}]}