Cryptos and Blockchains .....completely worthless scams?
Back in a time closer to the 1990s, I remember these neat little Nokia cell phones that handled its own little custom database of user info. PDAs had databases. Everywhere now, you see little laptops or your local cafe down the street tend to handle their own databases pretty well.
But what does the community here think of BLOCKCHAINS? And CRYPTO?
What makes these terms so magical?
What differentiates any of this to a private databases? For what advantages?
(this is all excluding Bitcoin - because if you peruse the space, one sees this odd narrative behind 'blockchain' / 'crypto' outside of bitcoin)
No need to be talking about Bitcoin here, because the world has seen & recognized Bitcoin's magic combination that truly made it unique and genuine.
Again, don't talk Bitcoin here, the world already sees what sets Bitcoin apart from a database or 'blockchain' or all these scam cryptos as setforth below - as Bitcoin had this magic combination of;
-Limited to no central points of failures (no silly foundations or key people that have influence),
-Most hashing rate securing integrity of the ledger from individual operations everywhere in world
-Geographically dispersed throughout the world in terms of holders, users, node runners, miners, companies, investors
-The hardest form of money as it is scarce supply of only 21million
-Open source code that is continually developed CONSERVATIVELY with security in mind and to limit creating central points of failure
-It rendered useless the myriad of attacks for over a decade ranging from denial of service, transaction spamming, node spoofing, miner takeovers, liquidity shocks, malicious coders/BIPs, misinformation campaigns, forks, media, 1000s of new cryptos spam, etc
-Incentivized & protected with Proof of Work
-Coded in a way to be long-term store of value, to be simple, and limit potential attack vectors
-Most liquid & recognized traded asset across many different on-exchange & off-exchanges throughout the world
-Most protected from attacks of double-spend
-Best, consistent appreciation as long-term (4-year) store of value asset on earth
-Honest, transparent, Open ledger & history for everyone to see
-Lightning network (read about it and try it)
But just because the Bitcoin crypto has a magical Bitcoin-blockchain that brought a world-changing paradigm, what is special about 'Blockchain' or 'Crypto'? Anything?
But what does the community here think of BLOCKCHAINS? And CRYPTO?
What makes these terms so magical?
What differentiates any of this to a private databases? For what advantages?
(this is all excluding Bitcoin - because if you peruse the space, one sees this odd narrative behind 'blockchain' / 'crypto' outside of bitcoin)
No need to be talking about Bitcoin here, because the world has seen & recognized Bitcoin's magic combination that truly made it unique and genuine.
Again, don't talk Bitcoin here, the world already sees what sets Bitcoin apart from a database or 'blockchain' or all these scam cryptos as setforth below - as Bitcoin had this magic combination of;
-Limited to no central points of failures (no silly foundations or key people that have influence),
-Most hashing rate securing integrity of the ledger from individual operations everywhere in world
-Geographically dispersed throughout the world in terms of holders, users, node runners, miners, companies, investors
-The hardest form of money as it is scarce supply of only 21million
-Open source code that is continually developed CONSERVATIVELY with security in mind and to limit creating central points of failure
-It rendered useless the myriad of attacks for over a decade ranging from denial of service, transaction spamming, node spoofing, miner takeovers, liquidity shocks, malicious coders/BIPs, misinformation campaigns, forks, media, 1000s of new cryptos spam, etc
-Incentivized & protected with Proof of Work
-Coded in a way to be long-term store of value, to be simple, and limit potential attack vectors
-Most liquid & recognized traded asset across many different on-exchange & off-exchanges throughout the world
-Most protected from attacks of double-spend
-Best, consistent appreciation as long-term (4-year) store of value asset on earth
-Honest, transparent, Open ledger & history for everyone to see
-Lightning network (read about it and try it)
But just because the Bitcoin crypto has a magical Bitcoin-blockchain that brought a world-changing paradigm, what is special about 'Blockchain' or 'Crypto'? Anything?