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A comment on Systems built on trust, norms, and institutions function better than blockchain.

Re:Systems built on trust, norms, and institutions function ... by atomical on Friday April 06, 2018 @12:26PM (#16774487)
Blockchain consensus algorithms are slow and use a lot of power. There may be competing technologies, like Hashgraph, that solve speed and power usage issues in the future. As of now all live implementations of blockchain are underwhelming.
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Re:Systems built on trust, norms, and institutions function ... by cgopalan on Friday April 06, 2018 @12:34PM (#16774570)
Not all. I think you are specifically talking about Bitcoin (Proof of Work)
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Re:Systems built on trust, norms, and institutions function ... by atomical on Friday April 06, 2018 @12:40PM (#16774638)
What live implementations are using POS (Poof of Stake)? It's all academic and likely to be only marginally faster without a lot of risky optimizations.
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Re:Systems built on trust, norms, and institutions function ... by zepolen on Friday April 06, 2018 @01:10PM (#16774977)
Nano/Raiblocks. Mainnet has been pushed to 300tx/s - theoretical max is 7000tx/s - Wallets available for all platforms.
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Re:Systems built on trust, norms, and institutions function ... by MaxKK on Friday April 06, 2018 @12:52PM (#16774764)
Lisk, Nxt, Bitshares and dozens of others.
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Re:Systems built on trust, norms, and institutions function ... by atomical on Friday April 06, 2018 @12:56PM (#16774808)
From what I'm reading Lisk only supports 25 transactions per second.
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Re:Systems built on trust, norms, and institutions function ... by jsnider3 on Friday April 06, 2018 @04:03PM (#16776880)
Ethereum will be switching soon.
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Re:Systems built on trust, norms, and institutions function ... by jholloway7 on Friday April 06, 2018 @01:30PM (#16775215)
> Poof of Stake

Is that what happens when you accidentally lock yourself out of your crypto wallet forever?

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