top | item 36046563

(no title)

dylkil | 2 years ago

What i find especially intriguing is the certainty some people on this forum have of crypto going to zero. The same certainty they had 2, 5 and 10 years ago. Yet here we are. At what stage do they start questioning the strength of their certainty.

discuss

order

xtracto|2 years ago

I don't subscribe to Bitcoin, I think it was a good Proof of Concept that this "Satoshi Nakamoto" entity released with good ideas that have since been tested and replaced by better ones.

I very well think that Bitcoin itself is going to zero, lest it migrates off PoW technolgoy. I am certain that at some point in the future governments will regulate and maybe even ban that wasteful use of electricity. Particularly when way better double-spending/integrity protection algorithms exist to replace PoW.

Nevertheless, Blockchains and crypto-tokens are here to stay. Ethereum is here to stay and similar networks will keep progressing, as GP said, without regard to scammers, fraudsters, naysayers and skeptics around the world. Technology will keep improving and becoming better performing. This is exciting to me!

sph|2 years ago

I agree that the blockchain is an outstanding achievement in software engineering.

It's a distributed, cryptographically secure, decentralised append-only log. It's a data structure that would have a lot of potential in real-world applications, e.g. auditing public institutions, defending against falsifiability, etc. it provides an impartial proof-of-time, which is huge.

Bitcoin might live or die, but blockchains and digital currencies based on it are here to stay.