>So we had bitcoin. But varoufakis says that it cannot be a viable currency because it's deflationary.
>Shitloads of completely pointless bitcoin clones popped up and it's a miracle that they ever had any value.
>then everyone thought the block chain was really cool.
>Ethereum and lisk are like bitcoin but allowed you to create programs that are hosted in a decentralised way (I don't know why anyone would care about that), so they provided something new.
This man is retarded. Eth's ship has sailed and the mining is now commandeered by chinese mining farms who will make a bajillion hello world contracts to keep their shitty currency from fulfilling its intended purpose.
Brandon Fisher
the currencies are as valuable as shit that you produce every day. the only thing that actually is great, has value and is implemented for internal transactions in BB's is the blockchain technology.
I don't know if you cryptocuck retarded neet brains can comprehend it, but every bank interested in the blockchain technology to speed up their transaction process has an inhouse programmer or a company that designed a blockchain technology to specifically fit the corporations needs.
Matthew Russell
Fucking. Idiots
I have no words
Bentley Bailey
>Fucking. Idiots >I have no words
you can always REEEE
Joshua Martinez
You're just dense beyond belief.
Tell me how a bank can "own" a blockchain, which is by definition a permissionless trustless p2p ledger?
Its like trying to roll a cigarette underwater. Its doomed to failure
Carter Sullivan
>Tell me how a bank can "own" a blockchain, which is by definition a permissionless trustless p2p ledger?
A bank will not own a fucking blockchain, but a company will create a common standard blockchain for banking institutions. FFS educate yourself on the technology before posting here.
Joshua Lopez
>Implying I didn't mine last year when it was actually viable
I got better things to invest in.
Charles Baker
How? How will they resitrict this "blockchain" to only financial institutions while also keeping it permissionless?
Ergo you're a moron
Jonathan Adams
You didnt do shit you nocoin fag stop lying
Camden Parker
>How? How will they resitrict this "blockchain" to only financial institutions while also keeping it permissionless?
By giving acredited users the permission to access a particular blockchain you fucking retard.
Blockchain is just a mechanism to reach consensus, you could have a blockchain with only 10 banks on it and they will all agree on the transactions on their blockchain.
Robert James
So how is that a blockchain?
holding a stick and shouting bang doesnt mean you have a gun. Just like having a permissioned ledger doesnt mean you have a blockchain
Jack Cooper
BUY THE DIP
Levi Walker
This. It is 10x better than a blockchain.
Joseph Nelson
No ot defeats the whole purpose of a blockchain. And its totally useless because it does nothing to replace the middleman which is the whole advantage of using a blockchain.
Logan Cook
Pretty much this. R3CEV defeats the whole purpose of a blockchain. There really is no need for a blockchain anymore once this becomes live.
Luke Morales
Stfu you twat.
Colton Parker
Ahahahah
Eli Rodriguez
well two things: bitcoin is near the end of it's life cycle it does not scale well and is constantly spammed to shits. mining profitability will receive a huge blow in 3 months which will probably result in increased transaction fees. you need to provide a pretty steep fee to get your transaction processed in 2 hours as of now. it's a hidden tax on the bitcoin. and it will only get worse.
when people realize all this it will probably go to the bin. price crash then slowly gets forgotten.
eth is all hyped and shit but to me it seems like the most inefficient retarded shit ever dreamed up.
Anthony Ross
You're a complete idiot. Ethereum is a work of genius and you're a nocoin herpaderp
Nathaniel Anderson
>I don't know why anyone would care You know all those times the pirate bay gets shut down bedside powerful governments enforce local copyright laws on international citizens? That wouldn't be possible with something running on ethereum.
Lisk is pointless though since ethereum already has a javascript api and a huge market cap.
Charles Carter
>genius you use that definition pretty loosely
Juan Rogers
>Ethereum is a work of genius and you're a nocoin herpaderp
no, crypto 2.0 is. ethereum is just another meme shit built upon that technology.
now faggots please tell me, for what do you use ETH? do you just buy it and hold it hoping it will rise in value, or do you actually use the technology?
do you know any institution that uses it, how they use it and for what?
Jonathan Diaz
>in-house decentralized network that defeats the purpose of being decentralised Good luck with that ddos.
Wyatt Thomas
>Good luck with that ddos. they are beyond good luck
>R3 is a financial innovation firm that leads a consortium partnership with over 40 of the world's leading banks, to design and deliver advanced distributed ledger technologies to global financial markets. r3cev.com/
Joseph Wood
You're an idiot.
Grayson Torres
Yup, and that technology is ethereum based. R3 is ethereums trojan horse in the financial system
