It’s very simple to say that the following is a noob question but I highly disagree. The question is basically: how are crypto going to be “revolutionary” instead of being a minor addition to the current system.
Decentralization is a meme. This will never come into real existence because it’s in direct competition with capitalism. Maybe in public sectors but I doubt it. This is my opinion but based on logic. That counts for something.
So now we have the whole “internet of things” and the finance block chain etc. Let’s start with finance. Like I said, finance is never going to adopt decentralisation, the idea is just ridiculous. “Let’s all adopt a similar system and just forget capitalism and comparative advantage!” great idea. No.
Brings us to stuff like any product chain such an ven or wtc. How exactly is anyone going to solve the oracle problem meaning: who is going to check what is uploaded on this “decentralized” system? Who is going to check the info is correct? “YES BUT SMART CONTRACTS!!!”. No, this is incorrect. These contracts check info given. They CANNOT check the validity of the contract created unless that info is already available. How is the info available?
Then we have protocols. Sure the idea behind protocols is solid but for it to be useful the first and second gen chains need to be useful. And they could be but revolutionary? I think not.
In all honesty, the whole crypto space is currently presented as a public servers (yes yes distributed ledger) that anyone can check. This is not going to happen because of OBVIOUS reasons. So we get private block chains (“servers”). How exactly is that going to be a radical addition to the current systems, except making it somewhat faster and more efficient (smart contracts)?
Like I said, to all you “experts” who read “articles” this should be a very simple question. A question very easy to answer in a thorough well-thought manner. So explain to me: how is block chain going to change the world?
Oh, and how is it similar to a revolutionary innovation such as the internet and how (in god’s name) are these “companies” worth millions/billions sustainably?
Try me. Honest question.
(2/2)
Bentley Miller
You can write what you want I am still holding.
Samuel King
I am holding too. But these are valid questions imo.
Ethan Hughes
>And they could be but revolutionary? Who the fuck know m8, i mean my great grandparents would never need a phone to tell their relatives someone in the family is die two days ago right ? I mean why should they use sth that can talk almost right away,they could just send a letter and their relative will known in about 2 3 months later.The ideals of telephone is useless and stupid as fuck y know, nobody gonna use it.
Ian Jenkins
>reddit spacing >inane teenage babbling posturing as insightful critique Yeah, this is nubiz alright.
Chase Campbell
>Never on reddit >Honest question zero answers given
Henry Brooks
Decentralization: - Prevents data being hacked because of being in one central server - Makes the network more robust and harder to take down - Spreads the load in processing and transfer of data
Not all systems need decentralization but it works well when you want to create a peer-to-peer robust network that doesn't have a single point of failure.
Robert Martinez
Most certainly, but why would individual companies want to implement decentralization over centralization?
Brayden Long
This is an incorrect comparison imo. Many of the systems are already instantaneous. How is crypto going to revolutionize that?
