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A blockchain is at the end of the day nothing else than a distributed database where everyone can run nodes. This is a hell of an effort and everyone who is us
by thinbeige 9y ago
A blockchain is at the end of the day nothing else than a distributed database where everyone can run nodes.
This is a hell of an effort and everyone who is using this 'feature' needs a very good reason and use case which justifies the costs.
Every new ICO should answer the question if a distributed BFT database is required. If yes is the benefit big enough? If not then just forget it. Or invest and sell the first minute this scam is on an exchange.
About Storj and similar coins: why do I want a decentral Dropbox? If I want to host my files in the cloud, what is the benefit of having a distributed decentral BFT db?
- cosinetau 9y ago> why do I want a decentral Dropbox? The easiest reason I can think of is privacy and anti-censorship. From current events, some groups may experience more and more trouble hosting their content on "public" providers like Google, Dropbox, or Amazon. Decentralization is an astute counter.
- davidgerard 9y agoAn ICO makes sense for crowdfunding in very limited conditions: * if you have a technical problem that requires decentralised, cryptographically verified tokens (if it doesn’t need tokens, they shouldn’t be bolted on); * if the tokens are directly usable on the platform itself; * if at least a proof-of-concept of the technology verifiably exists; * it also helps if the idea is even plausible as a business. Unsurprisingly, most ICOs don’t meet these criteria. The closest I've seen is Civic, which tried quite hard to meet the first three. However, for the fourth, it's still using a blockchain to solve a problem that only exists if you use a blockchain.
- Geee 9y agoWhy is Sia important? https://www.reddit.com/r/siacoin/comments/6tmx0r/why_is_sia_important/ https://www.reddit.com/r/siacoin/comments/6tmx0r/why_is_sia_...