3 ms·
I’m familiar with some of these, and yes they are the less scammy and more serious projects. Bitcoin itself was a genuine attempt at peer to peer cash too. Pr
by topranks 4y ago
I’m familiar with some of these, and yes they are the less scammy and more serious projects.
Bitcoin itself was a genuine attempt at peer to peer cash too.
Problem is the technology sucks and can’t scale. The trade offs are immense. DNS works great and is decentralised in all the meaningful ways. Nano network is currently struggling cos of one script kiddie, and puts everyone’s bank balance out there for the world to see.
Honest intentions and even innovative ideas are all well and good. But replacing the current financial system, or DNS or whatever is a massive technical challenge.
The trade offs in efficiency, scalability, even privacy with blockchain solutions, just to get decentralisation, are far too high.