Is Blockchain All that Innovative or is it Being Overhyped?
… a blockchain. Nobody’s in charge, and you can’t change or delete anything, only view and input data. – The Correspondent
How is this revolutionary?
The Inefficiency of Blockchain
There is something very odd about the efficiency of blockchain.
..it’s not actually that good a payment system — Visa can handle sixty thousand transactions per second, while Bitcoin historically taps out at seven. Bitcoin is already estimated to use 35 times as much energy as Visa. – Hackerdom
And something disconcerting about the lack of official control over blockchain projects like Bitcoin.
The government-backed banking system provides FDIC guarantees, reversibility …