Blockchain technology is going to change everything: the shipping industry, the financial system, government … in fact, what won’t it change? But enthusiasm for it mainly stems from a lack of knowledge and understanding. The blockchain is a solution in search of a problem.

reddit comments

There are several oversimplifications to watch out, but still interesting.

  • guojing
    2·
    3 years ago

    You cant build a cryptocurrency without blockchain. So ita certainly more than a strange edge case.

    • null_radix
      21·
      3 years ago

      I agree; but what @dessalines@lemmy.ml says still holds true I think. Most transaction should probably use layer 2 solutions such as lightning network and only fall back to the blockchain in cases for dispute or settlement which should be a rather infrequent event compared to transacting.

        • null_radix
          1·
          3 years ago

          ok, well then replace lightning with payment channels in general then. Why is lightning a scam?

          • guojing
            4·
            3 years ago

            Because you have to trust some huge, centralized nodes which can steal your money, or charge extra fees. So basically a bank.