Name 1 advantage of blockchain over database
store of value
redundancy with less setup, thats about it though
Immutable
no locking needed for adding data to it
immutable. For the better or worse. That's about it.
triple-entry accounting
immutability
smart audits
IoT
>triple-entry accounting
this has nothing to do with blockchain
Yes it does, because both parties rely on the same ledger for their accounting.
made me more money than any sql related job
no central authority
can operate in a trustless environment
more security as its less susceptible to being hacked than a centralized database, there is not single point of failure
requires a fiat pairing to be really interesting, kek
Incentiveses people 2 run decentralized nodes using turn key system
>name 1 advantage of blockchain over database
Bitcoin
pastebin.com
Memes.
the first immutable ledger in all history
allows for the creation of a currency that makes financial oppression impossible
freeing man kind from subservience to those that are prepared to take power through deceit
No. Go read the original paper for Triple-entry accounting and realize it has nothing to do with blockchain.
You're right just like this article (forbes.com
trustless loans with no central authority, no identity requirement, no background check, no timetable, no failure point save for the collateral asset
Why do we need coins that work like currency for blockchain to work? I don't get it.
supply chain management
trustless, no middleman, less corruption, cost saving in the supply chain
where the fuck is this going? shit it's really concerning
and 11 years later, now, we're in the quadrillions
No central party controlling the whole fucking thing.
If you even need to ask this question just get a job at McDonalds.
People aren't altruists. You need an incentive for people to run a node.
So the miners have incentive to mine.
So it costs money to spam the network.
buying drugs on the internet, which BTC could do just fine at $150
> Name one advantage of Bittorrent over an FTP server.
prevents the double spending of electronic currency
If you're using that argument it could do it just fine at $1 or $1000000.
well, yeah. it's great for internet drug purchases, but that doesn't imply any inherent value above what's necessary to keep the network running. crypto a shit.
It's a moot point, if the entire use case was buying drugs on the internet then its value would fluctuate depending on how many people wanted to buy drugs on the internet.
>what is supply and demand
yes it does, what it implies is that it will never be widely adopted. It will be mainly for speculation like gold
nigga, if the demand for bitcoin is following the demand for internet drugs, half the world's population should be high as fuck right now.
or it will be scarce yet absolutely worthless, like my shit would be if I canned it and sold it. like a fiat currency without the fiat.
>subtle REQ shill