what's a blockchain without security? without decentralization? it's a ledger and we've had those for 1000s of years. the people that like to say the meme it's blockchain not bitcoin don't understand what bitcoin is or how it works.
>Did you factor in how much exponential growth may occur if BTC were used globally? Like the amount of electricity it would consume? you're talking about the security going up right because you can't be that much of a brainlet to think electricity is required to move transaction > Maybe LN can take care of that oh you are talking about move transaction throughput lol wow guy you are a moron
Samuel Miller
you don't even know the fundamentals of how this all works, why does your opinion mean anything
Isaac Cruz
I hear this line a lot. I get it, its got strong encryption so it cannot be tampered with (SHA256 for example) ..distributed ledger...great, but can it scale? And how quick is it....I mean, is litecoin faster than btc? Aren't they based on the same tech? Isn't all of these coins based on the same tech? And do we all need a blockchain? Heh, blockchain more like blockpaiN!
Parker Clark
More transactions occuring concurrently will require more expended energy. And hey, tell me about those transaction fee's....'because bitcoin is slow and clunky but my shitcoin is better hurrr' ....no, blockchain as a whole cannot scale. ( :
Parker Mitchell
>but can it scale it depends which direction you want it to scale blockchain is a balance of different factors and to amp up 1 factor like on chain memory you sacrifice other factors that might lead to centralization like a higher requirement of bandwidth and memory
no it isn't the same tech right now the main 3 are PoW PoS and DAG, DAG is closer to PoS with nodes doing their own PoW, PoS trusts people who hold the coins more which may lead to centralization and of course PoW uses hashing/electricity for security
Dylan Bailey
fees are meant to subsidize the inflation to eventually create a self sustaining chain They're trying to build more efficient uses of memory and 2nd layer protocols for scaling
Gabriel Perry
>Let me tell you why crypto is a complete joke. Always look at the type of investor to judge its stock Bitcoin and other cryptocurrencies are very accesible the people that got very rich weren't exactly savvy investors, they just took a gamble and it paid and its still all a gamble. Only some know when to stop and others don't. > when your demographic is those looking to get rich quick, it usually screams scam. True wasn't always like this but most people who joined as of 2017 were just in it for money and not because of ideological or technological reasons.
Overall these crashes are to be expected but Bitcoin shouldn't just be discarded as some get rich quick scheme, if this world isn't completely fucking stupid then they would realise the things BTC actually offers them. BTC is already being used as a hedge in third world countries against their native currency. You forget that this is how dot com bubble also started, people throwing money at anything that with .com in its name hoping to strike it big, it was after the .com bubble crashed that actual progress with the tech was made instead of speculating on what the tech can do and which company will be the biggest. Same now.
Juan Nelson
I think it's better for you to google search about the blockchain tech and scalability than for me to try and explain it since it's quite complicated.
Adam Thomas
the idea is that when 2nd and 3rd layers are developed all the data being written onto the mainchain is a consolidation of transactions on the chain above it
