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There is nothing significant. Maybe timestamping documents on the Bitcoin blockchain. Otherwise only use for the technology is payments
by space_rock 5y ago
There is nothing significant. Maybe timestamping documents on the Bitcoin blockchain. Otherwise only use for the technology is payments
- api 5y agoThe payments use case has some utility for sure. Opponents of cryptocurrency over-argue their case when they say it has absolutely no utility. The problem is that this one use case is not sufficient to make its present valuation or the cost of PoW anywhere near rational. The volume of actual commerce could probably support no more than 10% of current valuation and cost, and that is generous. I suspect the number is more like 2%. The valuation wasn’t that unreasonable until 2017 when all hell broke loose. Current valuation is batshit insane. Some of the tech also has value and does contain some novel ideas. Some of these could be useful elsewhere.