Yet Bitcoin's market cap is $500 Billion and has a trading volume is over $10 billion per day and has been outperforming the markets for over a decade.
If the financial system is fine, then how is it possible that a 'scam' is worth $500 billion? What kind of financial system allows such scam to exist for over a decade and keeps attracting investors year after year?
If the financial system is not fine, then how could you say a blockchain like Bitcoin is a solution looking for a problem?
That position doesn't make sense from any angle.
And anyway, I've explained clearly what is the advantage of blockchain:
- It's a system which supports unlimited reads at scale.
- Spam-resistant when it comes to writes.
- Its data can be verified independently so there is no need to trust service operators.
Those are the most important characteristics of a DNS. Sadly the current system is missing the third point and that's why nobody truly owns their domain names. Everyone is merely renting from a TLD provider and hope that the laws of whatever country it's in are going to respect your claims.
Bitcoins "value" it that it's a pyramid scheme along time, early "investors" profit when they get out. Market cap means nothing when you run out of difficulty ;)
Anyhow I'll leave you to your delusions and get on with my life. Toodle-oo!
If the financial system is fine, then how is it possible that a 'scam' is worth $500 billion? What kind of financial system allows such scam to exist for over a decade and keeps attracting investors year after year?
If the financial system is not fine, then how could you say a blockchain like Bitcoin is a solution looking for a problem?
That position doesn't make sense from any angle.
And anyway, I've explained clearly what is the advantage of blockchain:
- It's a system which supports unlimited reads at scale.
- Spam-resistant when it comes to writes.
- Its data can be verified independently so there is no need to trust service operators.
Those are the most important characteristics of a DNS. Sadly the current system is missing the third point and that's why nobody truly owns their domain names. Everyone is merely renting from a TLD provider and hope that the laws of whatever country it's in are going to respect your claims.