On: Researchers cracked an 11-year-old password to a $...

[evilfred]

but you can't. you can't send Bitcoin or Eth around the world for "next to nothing" today. not in a reasonable time frame. and that isn't accounting at all for the massive power wastage in the Bitcoin case.

[PretzelPirate → evilfred]

It will currently cost you $1 to send any amount of ETH to another address and that transaction will take 3 minutes. For $1.30, that same transaction will take 30 seconds.

You can do those same transfers cheaper and faster on an Ethereum layer 2.

[kfrzcode → evilfred]

My brother, have you heard of HBAR?

Hedera is the way.

[Delmololo → kfrzcode]

So how would that help me to make sure I retrieve a product or service?

What happens when the product is faulty or not even arriving?

[behringer → Delmololo]

How do you get cash back in those cases?

[Delmololo → behringer]

You exchange cash only local and either take it back or call the police.

That's part of proof of stake of our society.

The same with lawyers and normal contracts.

All of it is part of our proof of stake.

Visa provides insurance and fraud detection.

[behringer → Delmololo]

You can do all the above with crypto. Except for the visa thing, which has nothing to do with cash.

[Delmololo → behringer]

That's not the point.

Crypto promised solving the issues of the fiat.

It just doesn't do that at all and need all of the mechanics of our proof of stake system while consuming a lot of energy for it's own proof of work.