applied blockchain is showing its weakness all over: • exponential HW/power consumption • delays for cheap transactions • transaction fees worst than VISA, Master Card, and others so ... why are we using them again?pic.twitter.com/Pf0fEx9LW3
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applied blockchain is showing its weakness all over: • exponential HW/power consumption • delays for cheap transactions • transaction fees worst than VISA, Master Card, and others so ... why are we using them again?pic.twitter.com/Pf0fEx9LW3
Well, the "features" of blockchain are about decentralization and immutability right? I guess this is just a kinda toy project, and something else could have been better. But to some problems, blockchain seems like a great answer.
a person gave me an Open Source tip of AU$20 and the decentralized revolutionary system warned me the transaction was too low ... this is Bitcoins ... so, what problem is it solving, really? Buy a ferrari until the fee won't be higher than its cost?
BTC has a lot of problems, you're right on that. But as an addendum to the 1st tweet, I'd suggest keep an open mind about blockchain. Cryptocurrencies are only one sample of its diverse applications, I'm sure we all have a lot to learn about what it can do and what it cannot.
Linux Foundation Hyperledger is a great start point to know what are all the posibilities. I really recommend checking it out.
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