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>decentralized anything never works at scale Ever heard of blockchain ? And don't tell me its a very precise case, blockchains are used for a lot of things

• steelbrain 3y ago
  > blockchains are used for a lot of things Yeah? Like what?
  • idkwhoiam 3y ago
    Some examples: Cryptokitties, payments on dark net, crypto scam ICOs
    • NicoJuicy 3y ago
      I think it's also used for cold storage. Only if they have basic it skills though
• askonomm 3y ago
  [flagged]
• segfaltnh 3y ago
  Yes, and they scale poorly. See the part where people fill warehouses with GPUs causing global shortages and lopsided power demands.
  • viraptor 3y ago
    The ethereum merge happened over a year ago and it's not the only PoS network now. Feel free to complain about BTC, but for blockchain in general it doesn't make sense.
    • acdha 3y ago
      PoS addresses only part of the inefficient architecture. You’re no longer needing hundreds of power plants to operate a niche financial service, but you still have the storage needed to store every transaction (which is also a huge privacy risk) and the incredibly low transaction rate. These systems are hugely expensive to operate relative to their almost non-existent real-world usage.