Re:Ending Bitcoin Support
by spookthesunset on Tuesday January 23, 2018 @07:16PM
(#16219199)
> It is impractical at scale because the fundamental technology, proof-of-work, is impractical at scale.
Well, it isn't just the "size of blockchain" that is the problem. The idea that people want an irreversible system to perform commerce on the open internet seems to be a fundamental issue as well. That and all the other problems like no central bank to regulate money supply, no good secure way to store them, etc.... I have yet to see any of these issues be solved in any crypto.
In short, perhaps the entire idea of a crypto currency isn't a very good one at all...
Well, it isn't just the "size of blockchain" that is the problem. The idea that people want an irreversible system to perform commerce on the open internet seems to be a fundamental issue as well. That and all the other problems like no central bank to regulate money supply, no good secure way to store them, etc.... I have yet to see any of these issues be solved in any crypto.
In short, perhaps the entire idea of a crypto currency isn't a very good one at all...