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Separating bitcoin from blockchain is separating it from its incentive structure, which is the very thing that makes it a disruptive invention. It's almost lik
by Frogolocalypse 9y ago
Separating bitcoin from blockchain is separating it from its incentive structure, which is the very thing that makes it a disruptive invention. It's almost like they're trying to unmake the invention.
- leereeves 9y agoNothing wrong with using the blockchain without paying billions to the people who bought Bitcoin early.
- Frogolocalypse 9y agoNone of that belief has anything to do with bitcoin and nakamoto consensus.
- leereeves 9y agoIndeed. Big banks using blockchain technology as a distributed ledger of stock ownership might have nothing to do with bitcoin.
- Frogolocalypse 9y agoBlockchain without the distributed consensus structure and independent incentivized miners is just an inefficient redundant database.