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I know it’s probably too simplistic, but this interview really resonated with me: https://www.currentaffairs.org/2022/05/why-this-computer-scientist-says-all-c

I know it’s probably too simplistic, but this interview really resonated with me: https://www.currentaffairs.org/2022/05/why-this-computer-scientist-says-all-cryptocurrency-should-die-in-a-fire https://www.currentaffairs.org/2022/05/why-this-computer-sci... In all honesty I can see people being enthusiastic about crypto as a “get rich quick” scheme (at the expense of less fortunate people but soit) - but how people can see crypto as the future of money with a worldwide ~10 TPS throughput and every transaction on a public blockchain is beyond me.

oh_sigh 4y ago
The transaction limit and public-ness of transactions are implementation details of certain blockchains. There are blockchains with much better TPS, and blockchains where transactions are not public.
- leokennis 4y ago
  Okay so how can you have a payment system where: - Transactions are on a decentralized blockchain - That blockchain is however not public - That blockchain allows for high(er) TPS - That blockchain isn’t vulnerable to easy fraud Am I missing a trade-off here?
  - oh_sigh 4y ago
    Yes - you're missing "mathemagic" :) And a variety of independent engineering solutions which are largely independent of the mathemagic(think sharding or something like the lightning network). Check out ZCash for an example of non-public, decentralized block chain.
    - deleted 4y ago
      [deleted]
  - vorpalhex 4y ago
    Decentralization (and therefore fraud risk through things like doube spend).