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Jettisoning any advantage to using the blockchain rather than a centralised database. This is the snake oil phase of cryptocurrency. Or, more charitably, the n

• mpeg 11y ago
  There are a lot of misunderstandings about blockchain technology. One of the most common is believing that everyone who uses their own chains are not using the bitcoin Blockchain, which is usually not the case (apart from some notable examples like Ripple or Ethereum), you can use the Blockchain with marked bitcoins or other mechanisms to essentially "convert" them to other currencies in a provable way. Another is that everything that needs to be distributed should be done in blockchains, whether there is trust between peers or not.