Oh nice, that's how high Solana's TPS has gone in testing (in practice it hovers around 5-10k TPS). There's also newer chains like Aptos that claim to be able to handle 150k TPS with subsecond finality. Of course, neither of these chains are very decentralised, but at least they aren't fully permissioned and centralised. Especially on a network belonging to a partisan, anti-competitive, anti-trust law-breaking, Wikileaks funding thieving Israel supporters like Visa.

[–] CoggyMcFee@lemmy.world 8 points 9 months ago (1 children)

And of course we can rest assured that nobody profiting off bitcoin is morally questionable

[–] TowardsTheFuture@lemmy.zip 5 points 9 months ago (2 children)

General question, because I don’t give a shit about blockchain to research it.

Does it have a way to quickly and effectively handle fraud? And don’t tell me “there’s no way to commit fraud” because people can steal wallet passwords no fucking problem. With most banks they will actively track fraud, cancel those transactions, and restore your funds and possibly shut down the card automatically while still allowing the account to exist so you can access your money. Is that the case with blockchain?

[–] gila@lemm.ee 0 points 9 months ago

It depends on whether you're interacting with the blockchain directly, or via a custodial solution more appropriate for end consumers. Same like how you don't get a refund if you operate a western union branch and fuck up the wire.