3 ms·
They also don't require trusting a single third party processor... which is sort of the whole point. Blockchains are a tool to solve certain classes of problems
by cloudwalking 9y ago
They also don't require trusting a single third party processor... which is sort of the whole point. Blockchains are a tool to solve certain classes of problems, not every financial problem, or even most financial problems.
- plasma 9y agoAll of those points are temporary scaling and optimization issues that will be overcome.
- jmtame 9y agoWhy is this comment being downvoted? If you disagree, please say why.
- doktrin 9y agoI didn't downvote, but it looks like hand wavy bullshit to me. If you're gonna dismiss fundamental blockchain tradeoffs as being minor temporary obstacles, I think the onus is on you to back it up - not the other way around.
- jmtame 9y agoOk that seems fair
- mpfundstein 9y agomaybe he forgot a /s :-) While I believe that the Lightning Network is awesome and hope that Ethereum manages to get Sharding right. We don't know yet. So there is room for failure and it may turn out as disastrous.
- kls 9y agoI did not down vote it, but I would assume that it is because the comment has no sustenance, just claiming they will be overcome offers no proof that they will be overcome. I could claim that they wont, and it would be just as valid of a statement. At the moment we don't know how they will be overcome. All proposals on the table either lead to possible centralization or still don't increase the transaction volume enough for blockchain tech to become a truly global currency that can handle all payment transactions happening in the world at any moment. While I agree it will most likely be overcome in time, I can offer no proof of that, so my opinion has very little value in the context of this conversation.