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Blockchain is a solution looking for a problem. DNS isn't it. Sorry

• jongjong 3y ago
  Yet Bitcoin's market cap is $500 Billion and has a trading volume is over $10 billion per day and has been outperforming the markets for over a decade. If the financial system is fine, then how is it possible that a 'scam' is worth $500 billion? What kind of financial system allows such scam to exist for over a decade and keeps attracting investors year after year? If the financial system is not fine, then how could you say a blockchain like Bitcoin is a solution looking for a problem? That position doesn't make sense from any angle. And anyway, I've explained clearly what is the advantage of blockchain: - It's a system which supports unlimited reads at scale. - Spam-resistant when it comes to writes. - Its data can be verified independently so there is no need to trust service operators. Those are the most important characteristics of a DNS. Sadly the current system is missing the third point and that's why nobody truly owns their domain names. Everyone is merely renting from a TLD provider and hope that the laws of whatever country it's in are going to respect your claims.
  • opless 3y ago
    I said Blockchain, not Bitcoin. Bitcoins "value" it that it's a pyramid scheme along time, early "investors" profit when they get out. Market cap means nothing when you run out of difficulty ;) Anyhow I'll leave you to your delusions and get on with my life. Toodle-oo!
    • neoromantique 3y ago
      >I'll leave you to your delusions and get on with my life That's easy to say when you are living in a country with access to a healthy financial system, this is a luxury, not norm.
      • opless 3y ago
        Thankfully you don't have any idea of my (current) location. I could be anywhere in the world. Even nextdoor to you ;) You and GP still would be deluded however.