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Blockchain just suffers from the classic dilemma of being ahead of its time. Once we have infinite power from practical fusion we can mine coins for cheap. An
by ourmandave 8y ago
Blockchain just suffers from the classic dilemma of being ahead of its time.
Once we have infinite power from practical fusion we can mine coins for cheap.
And when quantum computers are common you can update the chain or do sharding in no time at all.
- imtringued 8y agoMining a bitcoin block always takes 10 minutes and each block can only handle around 5000 transactions because that's what bitcoin was designed to do. It doesn't matter if you're powering all miners on earth with a dyson sphere or a single hamster wheel, it will still take 10 minutes.
- Ar-Curunir 8y ago> And when quantum computers are common you can update the chain or do sharding in no time at all. Lol this misunderstands both current problems with blockchains and the potential total of quantum computers...
- ourmandave 8y agoForgot the /s. =(