You are viewing a single comment's thread from:
RE: Cryptocurrencies Continue To Break All-Time Highs
Nah, don’t let me confuse you. During that Interview, Larimer was comparing transaction times and fees of high ranked cryptos to time and speed of PayPal. He was pointing out how quickly PayPal can do transactions and how many thousands per second they can do which gave me numbers I could relate to as he elaborated on the objective of EOS. Don’t worry, I’m still pretty new to this stuff too. @jeffberwick has been real helpful as I’m sure you’re aware.
Yea, I have been using PayPal service for almost a year now to receive payment from my client and it's lightning fast. Nothing comes close in my opinion.
The only problem is during the verification process when you transfer your funds to your bank account which can take almost a week. What a shame!
Hopefully someone will build a cryptocurrency platform on top of the EOS block chain which acts as a gateway directly to your bank and doesn't need Bitcoin as a broker. Bitcoin is a piece of shit right now!
But I think it is very unlikely ATM. #makesteemitgreatagain