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by zitterbewegung
1629 days ago
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I totally agree with you. Distributed ledger technology is amazing . But, I think bitcoin could do better if it’s services could be split apart. People use bitcoin to perform transactions , to speculate on its price and to generate value by mining to secure the blockchain. If these services were more broken apart we would have a better solution but this could be intractable problem. The main problems that people cite such as the ESG impact are big. Many people in bitcoin speculate on the price which introduces problems with people that want to use it for payments. Since we need miners to secure the chain it has a large environmental impact by those miners. And socially it is used to allow people to violate various laws . |
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