3 ms·
You are correct that these sort of "private" and "federated" blockchains completely miss the point of Bitcoin (some intentionally, some not). The features they
by tlrobinson 8y ago
You are correct that these sort of "private" and "federated" blockchains completely miss the point of Bitcoin (some intentionally, some not). The features they provide were possible before Bitcoin was invented, but no one really cared about finding uses for them until the blockchain hype train rolled through town.
That doesn't mean they're completely useless though. If Bitcoin eventually inspires some real innovation in fintech, then great.
- tylersmith 8y agoBut the inspirations have almost entirely not come from the stuff that makes Bitcoin and "blockchains" unique. If they realized that people want an easy way to have their assets managed and traded digitally they can do it much better without blockchain baggage.