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Having done different projects both in the public and private blockchain space, I believe the majority of the confusion comes from almost no one actually unders
by askmike 7y ago
Having done different projects both in the public and private blockchain space, I believe the majority of the confusion comes from almost no one actually understanding the point of something like Bitcoin. While it's clear for IT people to look at a Paypal like system and point to the obvious central point of failure (the company behind it, the website "paypal.com', etc), almost no one outside of IT understands decentralization and why someone would want it.
Especially after learning all the downsides you get with these kind of distributed systems (slow finality, low throughput, limited in capabilities, inefficient, open to new attack vectors).
- max76 7y ago> almost no one outside of IT understands decentralization and why someone would want it I've talked to economist and political scientist that understood the implications of trading without central banks very well.
- askmike 7y agoGood point. I was wrong in generalizing it into "IT people". Nevertheless the amount of people who get the pros of decentralization is too small.