Blockchain is a very interesting technology with a number of excellent applications.
A decentralized global payments system is not one of them.
From a technological point of view - as well as a legal and regulatory point of view - it is better that any payments system built on a blockchain is pseudo-centralized or completely centralized to ensure speed, low cost, stability, and oversight.
Blockchain will change the world of payments, but none of the open source blockchains that people are currently invested in will win out.
The winners will inevitably be the blockchains being currently built by massive multi-national corporations and governments.
Grass-roots blockchains have no chance whatsoever of competing.
Why is it so hard for brainlets to grasp how incredibly unique Bitcoin is, and how it can never be stopped by a nation-state nor by a company, nor by your Grandpa telling you it's worthless, nor by anything ever, and that's precisely why its intrinsic value is worth more than any currency you can think of?
It can be bought, sold and traded to anyone in the world, theoretically without any third party involved, and the two parties transacting could literally be on the opposite side of the World. No banks, no company, no Country, no middleman involved. It's literally never been done before. It's priceless.
A multi-national corporation or government literally isn't capable of creating what Bitcoin is becoming. Wrap your head around that, retard.
Justin Hall
This
Brody Allen
Thats the promise of bitcoin that has not been confirmed. I believe that it the reason it has been overvalued for a long time. Bitcoin can absolutely fail. The longer time goes on the more it is revealed that the anarchist dreams of bitcoin in ~2011 are evaporated. The hype is running on fumes because of its early successes. All the early adopters have a false view of whay bitcoin is, and all the new adopters are betting that history will repeat itself.
Julian Gutierrez
you really don't understand how and why a blockchain works.
nice bait with emma
Caleb Nguyen
Wrong goy, Bitcoin is only for large banks to settle transfers in, you goys will be using Lightning(tm) network and will enjoy it.
Lincoln Mitchell
the ethernal kike
Nolan Lopez
blockchain is just an immutable distributed ledger. i absolutely believe bitcoin has fundamental utility and this value. it is a profound, albeit volatile, store of value. but it has shown that it really isnt what people believed pre 2012-3. it CAN be confiscated, silk road happened. it can be centralised in terms of ownership,hash power and exchanges. it is not practical as an everyday settlement of payments. bitcoin runs on hype.
Wyatt Mitchell
*mostly* on hype
Cameron Cruz
a distributed ledger is only part of cryptocoins because that could be solved in other ways the key is PoW and permissionless and decentralised writing to the ledger. the unique census finding properties of such a system. it can only be confiscated if you are an idiot. the downfall of SR didn't happen because of bitcoin
Nolan Ross
if the fbi wants to take your bitcoins, it probably can. bitcoin has had practically no adoption. even markets that tried to use it like steam stopped.
Nolan Stewart
Why you treating me like an object!!!1!! Female and male are the same!!
Leo Morales
the FBI can suck my dick, i'm not in its juristication. also good luck getting the keys out of my head. also blockchain isn't just bitcoin. you're constructing a straw man
Michael Ramirez
what's the point of a corporate blockchain? the entire point is to not have a single point of failure. A corporation would be a central point of failure. you can file a lawsuit against a corporation to get whatever you want. But you can't sue a real blockchain.
how many linkies to get a virgin cutie who looks like her?
Benjamin Kelly
>to ensure speed, low cost, stability, and oversight. then go and invest in visa master card or paypal, I don't give a fuck about transaction speed I want to invest in a immutable deflationary store of value let's see who ends up richer in a few years
You keep rambling about governments and corporations and political bullshit no one cares about yet stay oblivious to the facts. Bitcoin is a worthless, dying dinosaur. Its pathetically low tx/second and soaring transaction prices should tell you everything you need to know about it. Something so cumbersome and unpractical won't stand the test of time.
Be an adult and think with your brain instead of repeating idealistic platitudes that have been long proven wrong.
>adult and think with your brain instead of repeating idealistic platitudes that have been long proven wrong. God those bags sound heavy....what alt are you holding like that?
Justin Powell
So chainlink is the key. Got it. Buying more now
Cooper James
people with half a brain prefer secuity and immutability over speed, and transaction fees are necessary if you want to have a supply cap instead of never ending inflation but you probbaly think that's it's all the same and whatever is the fastest it's the best bitcoin/crypto
Gavin Bailey
she needs to be blacked, dog fart blacked
James Morgan
"Blockchain not cryptocurrency" is the dumbest fucking boomer tier normie shit ever
Justin Davis
I dont even know who she is, google is not helping and she is not porn actress
Lucas Stewart
Who's this hottie
Liam Evans
Might as well just be topless stupid looking whore.
Jacob Martinez
bitcoin is an evolution in human freedom, economic incentive theory, cryptographic security and decentralized organizations.
The new coinmine thing that is coming out is going to let any retail idiot buy their own lightning node and coin miner (as if it were a PS4), which they are going to tie to a fleet of satellites that connect lightning nodes around the world, allowing you to be your own bank and transact across the world without ever touching a legacy system from the current internet roadblocks, global banks and governments.
We're watching history unfold where people use engineering, technology and philosophy to build an incorruptible economic future over the heads of the old regimes of Earth.
Isaiah Wood
> how it can never be stopped by a nation-state nor by a company Literally >51% of miners are in China. China could BTFO Bitcoin in a month if they wanted to
