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I find Bitcoin already quite an impressive achievement. It is the first digital currency without central point of failure (in the physical world, gold can be us
by Hermel 10y ago
I find Bitcoin already quite an impressive achievement. It is the first digital currency without central point of failure (in the physical world, gold can be used for that).
Also, consider rouleth.com, which is a provably "fair" online casino. (The odds are still against you, but you can verify that the bank did not cheat when you lose ten times in a row.)
Or imagine companies with shares on the blockchain, combined with smart contracts. That would allow you to automatically enforce all kinds of shareholder agreements (for example vesting or a tag-along right).
Maybe that's not revolutionary, but it could be quite useful and save a lot in legal anf auditing fees.
- planetjones 10y agoI completely agree that Bitcoin is an impressive achievement. But I still fail to understand the attraction to corporates. By putting your blockchain in the Azure cloud, then you have a central point of failure? I agree it's an immutable record of everything that has happened (provided there's not a "hard fork" or over 50% of the resources owned by one participant, which is hugely possible with a small network) but immutable records are possible even today.