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The optimistic view of this is that you can run a node in a distributed payment and compute platform for a few thousands bucks. Consider the alternatives: the i
by ipnon 4y ago
The optimistic view of this is that you can run a node in a distributed payment and compute platform for a few thousands bucks. Consider the alternatives: the infrastructure running PayPal, the massive and archaic automated clearing house systems used by megabanks, whatever it is Western Union does to move money. You can participate in a distributed, open source alternative for what amounts to an affordable price for those in developed countries.
I am not claiming you should do this! What I'm attempting to illustrate is that this momentum towards freer and more open systems is what drives the technical optimism in cryptocurrencies and blockchains. There seems to be a Moore's law effect dropping the price of what is currently gatekept by governments and megacorporations. Hard work is once again creating exciting innovations that at least have the potential to improve the world.
- e9 4y agoCan you elaborate more on the distributed compute platform part? How will that work and prevent down-time issues and other mistakes that will cause slashing?
- ajhurliman 4y agoI think they're referring to being a single node in a distributed compute/payment platform.
- yunohn 4y ago> a few thousands bucks I, too, consider 50000$ as just a few thousands of my millions in savings. /s