Thread replies: 29
Thread images: 2
Thread images: 2
File: flat,800x800,075,f.jpg (99KB, 600x800px) Image search:
[Google]
99KB, 600x800px
My knowledge:
>So we had bitcoin. But varoufakis says that it cannot be a viable currency because it's deflationary.
>Shitloads of completely pointless bitcoin clones popped up and it's a miracle that they ever had any value.
>then everyone thought the block chain was really cool.
>Ethereum and lisk are like bitcoin but allowed you to create programs that are hosted in a decentralised way (I don't know why anyone would care about that), so they provided something new.
So then what? And why care?
>>
>>1255941
Buy ethereum you fucking nutter
>>
>>
>>1255941
the currencies are as valuable as shit that you produce every day. the only thing that actually is great, has value and is implemented for internal transactions in BB's is the blockchain technology.
I don't know if you cryptocuck retarded neet brains can comprehend it, but every bank interested in the blockchain technology to speed up their transaction process has an inhouse programmer or a company that designed a blockchain technology to specifically fit the corporations needs.
>>
File: pepe-chain.gif (607KB, 800x792px) Image search:
[Google]
607KB, 800x792px
>>1255968
>Fucking. Idiots
>I have no words
you can always REEEE
>>
>>1255970
You're just dense beyond belief.
Tell me how a bank can "own" a blockchain, which is by definition a permissionless trustless p2p ledger?
Its like trying to roll a cigarette underwater. Its doomed to failure
>>
>>1255972
>Tell me how a bank can "own" a blockchain, which is by definition a permissionless trustless p2p ledger?
A bank will not own a fucking blockchain, but a company will create a common standard blockchain for banking institutions. FFS educate yourself on the technology before posting here.
>>
>>1255972
>Implying I didn't mine last year when it was actually viable
I got better things to invest in.
>>
>>1255986
How? How will they resitrict this "blockchain" to only financial institutions while also keeping it permissionless?
Ergo you're a moron
>>
>>1255993
You didnt do shit you nocoin fag stop lying
>>
>>1256002
>How? How will they resitrict this "blockchain" to only financial institutions while also keeping it permissionless?
By giving acredited users the permission to access a particular blockchain you fucking retard.
http://r3cev.com/about/
>>
>>1256002
Blockchain is just a mechanism to reach consensus, you could have a blockchain with only 10 banks on it and they will all agree on the transactions on their blockchain.
>>
>>1256010
So how is that a blockchain?
holding a stick and shouting bang doesnt mean you have a gun. Just like having a permissioned ledger doesnt mean you have a blockchain
>>
>>1255941
BUY THE DIP
>>
>>1256020
This. It is 10x better than a blockchain.
>>
>>1256628
No ot defeats the whole purpose of a blockchain. And its totally useless because it does nothing to replace the middleman which is the whole advantage of using a blockchain.
>>
>>1256647
Pretty much this. R3CEV defeats the whole purpose of a blockchain. There really is no need for a blockchain anymore once this becomes live.
>>
>>1256656
Stfu you twat.
>>
>>1256658
Ahahahah
>>
>>1255941
well two things:
bitcoin is near the end of it's life cycle it does not scale well and is constantly spammed to shits.
mining profitability will receive a huge blow in 3 months which will probably result in increased transaction fees. you need to provide a pretty steep fee to get your transaction processed in 2 hours as of now. it's a hidden tax on the bitcoin. and it will only get worse.
when people realize all this it will probably go to the bin. price crash then slowly gets forgotten.
eth is all hyped and shit but to me it seems like the most inefficient retarded shit ever dreamed up.
>>
>>1256680
You're a complete idiot. Ethereum is a work of genius and you're a nocoin herpaderp
>>
>>1255941
>I don't know why anyone would care
You know all those times the pirate bay gets shut down bedside powerful governments enforce local copyright laws on international citizens? That wouldn't be possible with something running on ethereum.
Lisk is pointless though since ethereum already has a javascript api and a huge market cap.
>>
>>1256696
>genius
you use that definition pretty loosely
>>
>>1256696
>Ethereum is a work of genius and you're a nocoin herpaderp
no, crypto 2.0 is. ethereum is just another meme shit built upon that technology.
now faggots please tell me, for what do you use ETH? do you just buy it and hold it hoping it will rise in value, or do you actually use the technology?
do you know any institution that uses it, how they use it and for what?
>>
>>1255965
>in-house decentralized network that defeats the purpose of being decentralised
Good luck with that ddos.
>>
>>1256721
>Good luck with that ddos.
they are beyond good luck
>R3 is a financial innovation firm that leads a consortium partnership with over 40 of the world's leading banks, to design and deliver advanced distributed ledger technologies to global financial markets. http://r3cev.com/
>>
>>1256715
You're an idiot.
>>
>>1256731
Yup, and that technology is ethereum based. R3 is ethereums trojan horse in the financial system
Thread posts: 29
Thread images: 2
Thread images: 2