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> I would assert that there is no single person in existence who had a problem they wanted to solve, discovered that an available blockchain solution was the be
by AlexCoventry 9y ago
> I would assert that there is no single person in existence who had a problem they wanted to solve, discovered that an available blockchain solution was the best way to solve it, and therefore became a blockchain enthusiast.
He hasn't been paying attention to the space long enough: Many traders in contraband meet that description, and used to talk about it at length in r/darknetmarkets, before it was banned. (BTW, does anyone know where they hang out, now?)
- floatboth 9y agoContraband markets, ransomware authors, and scammers. The world is wasting power on hashing to support that.
- AlexCoventry 9y agoThe consensus doesn't have to be based on PoW. Almost all interesting cryptocurrencies (well, interesting to me) use or plan to use proof-of-share mechanisms. Check out Algorand, for instance: https://www.algorand.com/how-it-works/ https://www.algorand.com/how-it-works/
- m00nfish 9y agoClearly the scions of a new age!
- eridius 9y agoContraband traders don't care about a blockchain. They just want untraceable un-reversable monetary transactions. Of course, it turns out bitcoin isn't exactly untraceable.