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How is that significant? You can also run eBay or Amazon on filing cabinets full of paper; is that significant? in both cases the costs and complexity are insan
by ajkjk 9y ago
How is that significant? You can also run eBay or Amazon on filing cabinets full of paper; is that significant? in both cases the costs and complexity are insane.
- snissn 9y agoNo you can't. You'd need a person or people + filing cabinets full of paper.
- ajkjk 9y agoYou can't run a blockchain without miners either; we're both omitting things from our models.
- snissn 9y agoyou need the post office too - don't see your point
- snissn 9y agomy original point is that there are distributed database engineers who are excited about the technology behind blockchain, hi!
- stjohnswarts 9y agoIf that is true what happens when all the bitcoins are basically mined out? That doesn't seem to jive.
- Scarblac 9y agoThen miners need to recoup their costs entirely by transaction fees, or they stop mining and the network will be (even more) vulnerable to hostile takeover.