Hello,
I have been researching about blockchains and stuff and it all seems like a big scam. It’s not sustainable and can be replaced by a simple database.
is there any legitimate use cases of blockchains or it is all just a big scam?
Hello,
I have been researching about blockchains and stuff and it all seems like a big scam. It’s not sustainable and can be replaced by a simple database.
is there any legitimate use cases of blockchains or it is all just a big scam?
Why is mining a nessecary part? Is it only to keep the quantity of units in circulation in check? And why is that nessecary? Is there an equivalent fixed amount of USD that is in circulation?
Why can’t it just be a ledger of fixed qty where nodes get paid a fee for handling transactions and keeping the blockchain updated instead of proof of busywork? Why does it need to be so wasteful of electricity? Why is it so slow? Will it ever be as fast and cheap as an osko payment? I can (and have) sent $40,000 to another person from my bank account and it took under 10 seconds for them to receive it, even though they bank with a different entity.