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by Yizahi
3026 days ago
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Yes I want cheap money transfer internationally and yes, I want a system capable to undermine authoritarian censorship.
But I think that blockchain is extremely crude and unreliable technology to implement them. It is immutable, number of nodes (i.e. backups) is unpredictable, its hardware footprint is insane and will only increase in the future and bitcoin is going to be essentially centralized, with decisions concentrated in those lightning hubs and exchanges in offshore locations. I don't believe in the underlying technology, I think it may succeed but be very limited and not because some 3rd party will demolish it, but just because it is not a magical tech they claim it is. (and altcoins are mostly even worse in technology department) Maybe I'm wrong and don't see some really long term perspective, well then I'll admit it. For now I don't use any of them. |
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