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PC Pro Podcast 614

The PC Pro Podcast

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The Future of Cryptocurrency

One of the supposed benefits of cryptocurrency is that you can transfer it instantly and free of charge all around the world but actually that's already starting to the wheels are coming off that one a bit because as the difficulty of mining bitcoins goes up and up and up so through exactly the same mechanism does the difficulty of confirming Bitcoin transactions. It took some number of hours I think to confirm that a payment had gone through and that's only going to get worse before it gets better unless there's some major change in the way Bitcoin works. How much of this is just sort of hot air and arm waving and howmuch of this is doable in any reasonable time frame is anybody's guess. But don't

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