Re:Why “blockchain” is BS in 4 slides
by thisisit on Monday April 02, 2018 @01:03AM
(#16732464)
>The sorry state of the distributed financial markets says nothing about the technology and more about human greed and the slow capacity of regulators to adapt;
I agree that human greed and corruption is a big problem. It is a problem for any system out there.
But, blockchain was supposed to solve this by introducing trustless and decentralized applications. If there is now a need for regulators, how is blockchain supposed to solve other problems? The world is already complex, we don't need another layer.
I agree that human greed and corruption is a big problem. It is a problem for any system out there.
But, blockchain was supposed to solve this by introducing trustless and decentralized applications. If there is now a need for regulators, how is blockchain supposed to solve other problems? The world is already complex, we don't need another layer.