(no title)
dylkil
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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.
xtracto|2 years ago
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
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.