3 ms·
"Almost every other protocol on the Internet does not have such bottlenecks in its design. No one asks how many emails or websites can be served per second." I
by loceng 6y ago
"Almost every other protocol on the Internet does not have such bottlenecks in its design. No one asks how many emails or websites can be served per second."
I think blockchain can be a good answer to problems that Bitcoin solves, however the blockchain used needs to not be designed as an MLM scheme with a financial incentive for its adoption, and designed to avoid other unavoidable pitfalls Bitcoin creates that we need to avoid. I think the current iteration of blockchain as Bitcoin only became the incumbent because of the MLM scheme, and that there is a non-MLM solution that can gain adoption - it just has to be understood by democratically elected decision makers first (save regulatory capture which will most certainly happen with the weight of the "army/mob of HODLers."