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From the little that I've managed to learn, it seems like cryptocurrencies have immense potential but, beside the natural opposition from those who prefer the "

From the little that I've managed to learn, it seems like cryptocurrencies have immense potential but, beside the natural opposition from those who prefer the "conservative way of doing things" (due to a variety of reasons, some legitimate and some less so), it seems that the blockchain (as ingenious as it is) does not really scale well to handle a global economy. There are ongoing efforts and solutions to solve this but I think they are all essentially equivalent to a person trying to do crazy contortions in order to wear in a badly made suit. There are a few projects that propose interesting and scalable alternatives to blockchain but once the herd has decided then I assume more money will be poured on making a wrong solution workable than making a right solution the standard.

atupis 9y ago
There are a few projects that propose interesting and scalable alternatives Any examples?
- placebo 9y ago
  Two examples I know of are: https://github.com/metacurrency/holochain/wiki/FAQ https://github.com/metacurrency/holochain/wiki/FAQ and http://bitlattice.org/ http://bitlattice.org/ Although I'm far from being knowledgable enough to know the disadvantages of these methods in relation to blockchain nor whether they can really deliver on their claims. From what I've learned, my intuition says they're more suited to the task - could be a wrong impression though, hope someone here more knowledgeable on the subject could expand on it.
- grondilu 9y ago
  The most ambitious one imho is qbitcoin[1]. It's based on quantum teleportation and quantum digital signatures. That gives it quite a low Technology Readiness Level[2], but hey, we see articles about actual implementation of quantum teleportation everyday, so who knows? 1. https://arxiv.org/abs/1708.04955 https://arxiv.org/abs/1708.04955 2. https://fr.wikipedia.org/wiki/Technology_readiness_level https://fr.wikipedia.org/wiki/Technology_readiness_level
  - Xophmeister 9y ago
    I can't decide if this is a joke or not :)

atupis 9y ago

There are a few projects that propose interesting and scalable alternatives Any examples?

placebo 9y ago
Two examples I know of are: https://github.com/metacurrency/holochain/wiki/FAQ https://github.com/metacurrency/holochain/wiki/FAQ and http://bitlattice.org/ http://bitlattice.org/ Although I'm far from being knowledgable enough to know the disadvantages of these methods in relation to blockchain nor whether they can really deliver on their claims. From what I've learned, my intuition says they're more suited to the task - could be a wrong impression though, hope someone here more knowledgeable on the subject could expand on it.
grondilu 9y ago
The most ambitious one imho is qbitcoin[1]. It's based on quantum teleportation and quantum digital signatures. That gives it quite a low Technology Readiness Level[2], but hey, we see articles about actual implementation of quantum teleportation everyday, so who knows? 1. https://arxiv.org/abs/1708.04955 https://arxiv.org/abs/1708.04955 2. https://fr.wikipedia.org/wiki/Technology_readiness_level https://fr.wikipedia.org/wiki/Technology_readiness_level
- Xophmeister 9y ago
  I can't decide if this is a joke or not :)