Re:Bitcoin is a bubble, no plans to short-sell: Japan Post B...
by dozzie on Friday November 17, 2017 @05:56AM
(#15720929)
> you have these dilettantes in all emerging markets.
Yes, but in blockchain case the market consists almost entirely of
dilettantes. And it's even worse: those dilettantes often think of themselves
as experts.
> The soundness off the underlying technology isn't invalid thereof.
Only the soundness of the protocol for timestamping documents. The soundness
of its usage, on the other hand, is usually invalid, except for maintaining
a ledger (which is an ordered sequence of transactions, so exactly the use
case for timestamping service).
Yes, but in blockchain case the market consists almost entirely of dilettantes. And it's even worse: those dilettantes often think of themselves as experts.
> The soundness off the underlying technology isn't invalid thereof.
Only the soundness of the protocol for timestamping documents. The soundness of its usage, on the other hand, is usually invalid, except for maintaining a ledger (which is an ordered sequence of transactions, so exactly the use case for timestamping service).