11–20 of 226 posts
Blockchain consensus algorithms are slow and use a lot of power. There may be competing technologies, like Hashgraph, that solve speed and power usage issues in the future. As of now all live implementations of blockchain are underwhelming.
Not all. I think you are specifically talking about Bitcoin (Proof of Work)
Fortunately for the author I happen to agree with this particular thesis.
No coiners. Its fine, we will listen to them protest for years and years, telling us it cant work, it isn't a real solution, etc, while we invent the future. This internet thing will never take off, you need a box that screeches, connected to your phone all day long! I can't even get faxes while im 'online'. Pointless.
Your attempt to equivocate the internet (and its impact) and blockchain is laughable.
For a detailed description see this: https://grisha.org/blog/2018/01/23/explaining-proof-of-work/
One thing is sure, if you're hanging on to the past you'll always lose in the end. That's not to say blockchain is the be all and end all, but constantly hunting for arguments why something will never work , is not only terribly boring, but IMO the most counterproductive way to look at anything.
One thing is sure, if you're hanging on to the past you'll always lose in the end. That's not to say blockchain is the be all and end all, but constantly hunting for arguments why something will never work , is not only terribly boring, but IMO the most counterproductive way to look at anything.
That does not seem to be a truism on the face of it. Some things change and some things stay the same. New or old is not clearly a winner, the world is more complex than that.
One thing is sure, if you're hanging on to the past you'll always lose in the end. That's not to say blockchain is the be all and end all, but constantly hunting for arguments why something will never work , is not only terribly boring, but IMO the most counterproductive way to look at anything.
> One thing is sure, if you're hanging on to the past you'll always lose in the end. That does not seem to be a truism on the face of it. Some things change and some things stay the same. New or old is not clearly a winner, the world is more complex than that.
Agreed. It's actually quite empty, on the face of it.
One thing is sure, if you're hanging on to the past you'll always lose in the end. That's not to say blockchain is the be all and end all, but constantly hunting for arguments why something will never work , is not only terribly boring, but IMO the most counterproductive way to look at anything.
I don't believe this is the same as discrediting solutions looking for problems. Blockchain proponents desire a technical fix to people problems. That is untenable, as people will always override software, whether that's through a courtroom, a government/regulatory body, or a fork based on majority consensus.