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I understand exactly what the comment was about: there is absolutely no way to enforce something "on the blockchain" in real life. Hence, the only thing a bloc
by ibz 4y ago
I understand exactly what the comment was about: there is absolutely no way to enforce something "on the blockchain" in real life.
Hence, the only thing a blockchain can be used for is an abstract token that does not have an equivalent in the real life, and thus can be used to represent anything - not just a house or an artwork or a chicken - but all of these at the same time and yet it is backed by actual energy.
And this is Bitcoin.
Every other use of a blockchain is a scam.