Mark Mason
Well-known member
The Cryptocurrency "Coffee Shop Challenge" - Dash Force News
Bitcoin, Ethereum, Litecoin, Dash, and Monero walk into a (coffee) bar…
The introduction of Satoshi’s whitepaper mentions “small, casual transactions,” which in legend has transformed into the proverbial cup of coffee. If digital currency is ever to be used as a digital replacement to cash, it has to pass the basic “coffee shop challenge”: how quickly, cheaply, and efficiently can you pay for your morning coffee. Now remember, this is a test of how each coin does in this particular situation, so don’t get your crypto knickers in a bunch if your favorite cryptocurrency is trying to be something other than digital cash.
The introduction of Satoshi’s whitepaper mentions “small, casual transactions,” which in legend has transformed into the proverbial cup of coffee. If digital currency is ever to be used as a digital replacement to cash, it has to pass the basic “coffee shop challenge”: how quickly, cheaply, and efficiently can you pay for your morning coffee. Now remember, this is a test of how each coin does in this particular situation, so don’t get your crypto knickers in a bunch if your favorite cryptocurrency is trying to be something other than digital cash.
