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by stale2002 3246 days ago
But why is there a blockchain?

Why not just charge people?

Crytocurrencies both have large advantages AND disadvantages.

The advantage is that it is a decentralized, censorship resist currency. But if you don't care about the decentralized part of it, then there is no point. Just use a credit card.

3 comments

Because it seems these days projects tend to attract funds just because of mentioning the word 'blockchain'.
I need to pitch to YC my idea of a blockchain-enabled, cloud-hosted deep-learning platform based on TensorFlow.

/probably needs more buzzwords //probably has been done ///probably already funded by YC...meh

It doesn't use a blockchain, the headline is misleading.

It's just car charging where you pay using Ethereum.

And the credit card charges. I am sure people driving uber would not mind keeping the 3% to themselves.
Are we still pretending transactions are free and instant like crypto enthusiasts used to claim 2-3 years ago?
Outside of the mess that is Bitcoin they are much cheaper than what credit/debit cards charge. More advanced coins like Ethereum take under a minute for an appropriate number of confirmations.