3 ms·
There is honestly not very much revolutionary about Bitcoin as a system in the real world, because it is so burdensome to use[1] that you cannot easily use it f
by 0x1DEADCA0 6y ago
There is honestly not very much revolutionary about Bitcoin as a system in the real world, because it is so burdensome to use[1] that you cannot easily use it for facilitating financial transactions without trusting a middleman[2].
The result is that you must use centralized exchanges[3], and consume much more electricity than needed in the process.
The decentralized, cryptographically secure, append only ledger is pretty cool though.
--------------
[1] HDD/SDD storage space for the blockchain itself, securing your wallet
[2] Certain Chinese individuals with large amounts of computational power apparently don't count as middlemen
[3] JP Morgan et al