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Loading the cargo onto ships was only the next logical step because it has almost not disadvantages. Blockchains, especially Bitcoin, have multiple fundamental
by foepys 9y ago
Loading the cargo onto ships was only the next logical step because it has almost not disadvantages.
Blockchains, especially Bitcoin, have multiple fundamental flaws that only wait until they are exploited. Bitcoin for example is the most inefficient way of handling payments ever invented. The whole system is based on the fact that not someone with a higher hashrate comes along. State-level actors might be not be a threat to the system right now but wait until it gets more and more popular. Most of the miners (and the hashrate) are in China and the Chinese government will not sit with their hands in their laps while a unregulated currency becomes widely adopted in the country.