BITCOIN DEATHS

February 7, 2019
Bitcoin Price: $3385.97

BITCOIN INEFFICIENT AS LARGE-SCALE PAYMENT SYSTEM

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.

Deputy General Director, Spain’s Central Bank


Source: Bitcoinist