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And what exactly is the value proposition of the underlying technology?

• eitland 9y ago
  Getting closer to frictionless payments. Getting access to a number of services that we currently use banks for - without using banks. Note: my reply is about blockchains, not about bitcoin. I've more or less given up on bitcoin and think other crypto tokens have a far better chance in the long run.
  • the_gastropod 9y ago
    > Getting closer to frictionless payments. Pardon my ignorance. I see this mentioned a lot. What do you mean by frictionless payments? > Getting access to a number of services that we currently use banks for - without using banks What services in particular? And what's preferable about using blockchain technology for these services?
    • eitland 9y ago
      > What do you mean by frictionless payments? I mean in the same way as email is frictionless compared to mail: you can send all day, it arrives halfway around the globe in seconds, fees are significantly lower. > What services in particular? For most people? Money transfer. > And what's preferable about using blockchain technology for these services? AFAIK because it is a way to make this happen without having to trust a number of institutions that are rich because of the current setup and might have a huge conflict of interest. Again: IMO this is about the technology, not about Bitcoin.
• 0x445442 9y ago
  The short answer; decentralized, trustless consensus. But I don't think Bitcoin's blockchain will be the winning platform in the future.