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Electronic communication services have a linear path of development any idiot can see: more bits per second, more information, more possibilities. Blockchains
by gurumeditations 8y ago
Electronic communication services have a linear path of development any idiot can see: more bits per second, more information, more possibilities.
Blockchains don’t have that simple path of development. They fundamentally don’t make practical sense compared to centralized services. There’s a reason that everyone gets their power from a small number of centralized power plants instead of everyone throwing a few solar panels on their roof and trading their power on the marketplace to create a decentralized power grid. It sounds really cool but it’s just wildly illogical in the real world. That’s blockchain.
- spookthesunset 8y agoActually solar panels and distributed grids make a lot of sense and what was holding them back was the state of the technology. Unlike the blockchain, which is fundamentally broken for 99.999% of all use cases, distributed power grids could actually work with the right engineering.
- gurumeditations 8y agoI know they sound really cool. I’m saying that it’s illogical to do so in the real world. Centralization is almost always cheaper, faster, and stronger.
- Nasrudith 8y agoThey still have a place as a 'competitor of last resort' to force reasonability on centralized powers. They would essentially do to power what satellite dishes did to cable - and that was just another centralized power! Sure satellite dishes are worse in latency and cost than running a cable but if the cable gets too unreasonable in comparison you can tell them to get bent and switch to satellite.