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> But some very knowledgable people continue to argue with passion that the entire technology is a useless fraud! Can you mention one of them? And his/her know
by profalseidol 8y ago
> But some very knowledgable people continue to argue with passion that the entire technology is a useless fraud!
Can you mention one of them? And his/her knowledgable argument.
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> useless fraud!
It's already been used to solve real world problems:
https://www.coindesk.com/the-united-nations-just-launched-its-first-large-scale-ethereum-test/ https://www.coindesk.com/the-united-nations-just-launched-it...
Citi and Nasdaq had a blockchain project that is already up and live. Can't find a link, but I swear I've watched it in a blockchain event in youtube.
However, these are small scale use. Afaik, no blockchain is able to scale to creditcard usage yet (and stay secure at the same time). Ethereum Foundation is working hard on this. Not sure about Bitcoin. So as far as ETH goes, there's basis on it's price growth.
- Chriky 8y ago> Can't find a link, but I swear I've watched it in a blockchain event in youtube. This is a perfect example of "solution looking for a problem". You heard about the thing via Bitcoin channels, you only care about it because it's /Bitcoin/ solving a problem, not because the problem is solved, you can't actually find the thing now! Normal people, people who haven't bought Bitcoin, don't really care /how/ their problems are solved. This is the fundamental reason Bitcoin hasn't gone mainstream. It doesn't solve any mainstream problems well.