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Love to hear any additions or pointers you might have. This article was mainly to point out the obvious to much of the cryptocurrency industry (but not necessar
by bbyford 11y ago
Love to hear any additions or pointers you might have. This article was mainly to point out the obvious to much of the cryptocurrency industry (but not necessarily to the average Joe) and as discussed in the comments there are efforts and alternatives. My main worry is that people can sometimes put blind faith in a technology, when they should really knock it down and build on its sturdy foundations
- kordless 11y agoThere's a bit of irony in my statement as I don't assume you know or don't know. We, as a population, depend heavily on trust for day-to-day life. As an author of an article like this you might consider that speaking as trusted authority on something which provides computed trust will affect the trust the general population has in said technology and in you (and the rest of us Bitcoiners). The general assumption is the value of Bitcoin is linked to how much people trust it. When you post things that negatively impact it, perhaps intentionally or perhaps altruistically, there's going to be trust issues between people who disagree with you. The best way I can describe this effect with cryptocurrencies is "it's a polarizing topic". :) Blockchain technology, no matter the implementation, will always have some degree of risk associated with the trust it embodies. Nothing will be made to be perfect. The question I'd like to know the answer to is whether or not it's providing enough value for the applications it currently runs, and what other applications can be improved by adding the blockchain's natural immutability to them. Thanks for writing something interesting!