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by 0x1DEADCA0
1940 days ago
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There is honestly not very much revolutionary about Bitcoin as a system in the real world, because it is so burdensome to use[1] that you cannot easily use it for facilitating financial transactions without trusting a middleman[2]. The result is that you must use centralized exchanges[3], and consume much more electricity than needed in the process. The decentralized, cryptographically secure, append only ledger is pretty cool though. -------------- [1] HDD/SDD storage space for the blockchain itself, securing your wallet [2] Certain Chinese individuals with large amounts of computational power apparently don't count as middlemen [3] JP Morgan et al |
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