I have sympathy for countries banning cryptocurrency trading. Most of it is a scam. Cryptocurrencies are mined using government-subsidized resources. The end result of cryptocurrencies is a net loss for many people, and a win for a select few. Nope, don't mind if it's banned.
-
The tech itself is actually not about money, it is actually decentralized secure contracts, i like that. Still have no trust because I don't fully understand how it is technically done in the 3rd generation. Need to spend some time on it.
My understanding of "smart contracts" is that it's throwing tech at what essentially is a people problem. Now secure ledgers are interesting. But we don't need a blockchain to achieve that. Using a blockchain actually a poor design because throughput is too slow. So yeah, nah.
-
-
He claims it to be fast in that video, dunno how fast though and how is it still secure.
-
If you need global consensus on a ledger you're going to have poor throughput, by design. Latencies will always mess you up. The point of a blockchain is to have global concensus. It's not going to be fast.
- 1 more reply
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.